Mountpark has secured a major pre-let with Tesco at its new logistics development in Hinckley, marking the first confirmed tenant for the 140,000 m² site in the heart of the UK’s coveted ‘Golden Triangle’ logistics corridor.
The pre-let agreement will see Tesco occupy a 45,700 m² high-spec unit within the strategically positioned site near the M69. The deal signals strong market confidence and underlines the developer’s ability to attract blue-chip tenants early in the development lifecycle.
Mountpark’s Hinckley scheme is designed to meet modern logistics demands, with sustainability, automation, and scalability built into the infrastructure. This aligns with evolving retail supply chain needs as grocers and e-commerce players continue to invest in resilient, high-performance logistics networks.
With mounting pressure on distribution costs and efficiency, proximity to labour and consumers remains a key driver for occupiers. Hinckley’s location offers ideal access to 90% of the UK population within a four-hour drive, making it an optimal choice for retailers like Tesco.
For investors and developers, Mountpark’s success with Tesco represents more than just a pre-let; it sets a benchmark for tenant confidence in the Midlands logistics market. As speculative developments face increasing scrutiny, early commitments from major retailers add significant value and reduce leasing risk.
The development also reflects rising demand for logistics space equipped to support decarbonisation goals. Developers offering a blend of prime location, ESG-focused build standards and automation readiness are best placed to win institutional capital and long-term occupier interest.
Companies mentioned:
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Mountpark: logistics and industrial property developer
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Tesco: UK-based multinational grocery and general merchandise retailer
IMAGE SOURCE: Mountpark
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