ICG’s Sale and Leaseback Fund agrees to forward fund Europe’s largest ever, single occupier, prime logistics park

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Intermediate Capital Group (ICG) is pleased to announce its agreement to forward fund a new, 2.94 million sq ft global parts logistics centre at Mercia Park located at Junction 11, M42, North-West Leicestershire, constructed by IM Properties and leased to Jaguar Land Rover.

The transaction represents Europe’s largest ever single occupier build-to-suit transaction with ICG partnering with developer IM Properties to deliver the scheme on 20-year leases for each of the five units.

The new campus will service 80 countries and be in the heart of the UK’s Golden Triangle and Jaguar Land Rover’s aftermarket business, enabling it to evolve and grow the company, maintaining its competitiveness in a challenging global marketplace.

Chris

 link source - Commercial News Media

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