South African real estate investment trust Equites Property Fund has, through its wholly-owned subsidiary Equites International, concluded an agreement with Hermes Parcelnet to develop a R1.8-billion (£85-million) distribution centre in a prime location in the UK. The property is expected to be 31 570 m2 in size and will be situated on an overall land area of 18.5 ha, which translates into a low site coverage ratio of 16%. The facility will provide the tenant with a newly built, high-specification steel portal frame distribution warehouse with 163 dock-level loading doors and four level-access loading doors.
from Engineering News | Home https://ift.tt/3ksNWVq
