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Murdoch Newspaper Leases North London Warehouse

LONDON-Rupert Murdoch's News International is the first tenant at a new scheme in London's second biggest industrial area. The publisher of The Sun and Times newspapers is leasing nearly 24,000 sf of space.

By Charlie Jacoby | Updated on October 03, 2001

LONDON-Rupert Murdoch’s News International is the first tenant at a new scheme in London’s second biggest industrial area. The publisher of The Sun and Times newspapers took the 23,632-sf Unit 1 at Delta Park in Enfield on a 10-year lease at a rent of £7.75 ($11.40) per sf. The newspaper group will use the facility for the storage and distribution of its newspapers in the South East region.

BL Gazeley, the 50/50 joint venture between The British Land Company PLC and Gazeley Properties–the UK property arm of Wal-Mart–speculatively developed the £8 million ($11.8 million) first phase at Delta Park. Phase 1 comprises a terrace of four units totalling 87,962 sf set on a 22.1-acre industrial and distribution site in Millmarsh Lane, Enfield.

Unit 2 consisting of 15,794 sf is currently under offer, leaving only 48,536 sf of speculative accommodation available in Phase 1. BL Gazeley plans to develop 450,000 sf of bespoke industrial and distribution accommodation at Delta Park. Design and build packages are available for units ranging in size from 40,000 sf to 170,000 sf.

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