News

Penn Commercial has been named winner - alongside joint agents M1 Agency and JLL - in the CoStar Q3 2024 Awards with the 'Top Industrial Leasing Deal' in the East of England, at Orwell Logistics Park, Ipswich, Suffolk. 

 

The deal saw 1,056,839 sq ft of spec built warehousing space let to Sizewell C at Orwell Logistics Park, alongside the A14 and strategically located on the doorsteps of the Ports of Felixstowe and Ipswich, and a short distance from Sizewell. 

 

The Penn team has been proud to work with BGO and Equation Properties as joint agents with M1 Agency and JLL to let Phase 1 – comprising two units of ca. 27,984 sq m (301,214 sq ft) and 23,807 sq m (256,255 sq ft) respectively – and to pre-let Phase 2 – comprising two units of ca. 46,451 sq m (500,000 sq ft) and 2,354 sq m (25,335 sq ft) respectively – to Sizewell C, along with 2.16 hectares (5.34 acres) of open storage. 

 

Sizewell C have taken immediate occupation of the two Phase 1 units. Construction of Phase 2 will be completed in Summer 2025.

 

Penn Commercial's Vanessa Penn and Robin Cousins were commended with the CoStar Award, as were M1 Agency's Jonjo Lyles and Henry Watson, and JLL's Ed Cole, Sophie Kettlewell, Richard Yendle and James Saxby.