Hermes moves into new warehouse just five days after making enquiry

Industrial asset management specialist NSM has let an additional unit to global logistics firm Hermes - with the deal from initial enquiry to occupation taking just five days.

As demand for logistic and industrial space grows during the covid-19 crisis, NSM was initially approached by Hermes with a speculative enquiry on Monday April 27 for expansion space at the Vector 31 Industrial Park, close to Junction 31 of the M1.

A viewing was arranged, and Head of Terms were finalised within 24 hours. The lease was agreed and signed a day later with Hermes taking occupation of the 11,650 sq. ft unit on Friday May 1.

NSM Managing Director Nicky Jones said: “Demand for quality logistics and industrial space is huge at the moment but even in our most optimistic moment we never thought we would be able to deliver a deal like this in such a tight timeframe. I am incredibly proud of the NSM team and our partners for making a 5-day turnaround possible, it really shows how agile our business is.

“We are obviously delighted to assist a current tenant and we have also been able to offer flexible leasing terms that suit their current business demands.”