Industrial and logistics specialist makes blistering start to 2025

Indurent has said that demand for modern industrial workspace remains strong after completing leasing transactions totalling a million sq ft in the first quarter of 2025.

The developer, owner and operator of industrial and logistics space said this figure includes significant deals, including one at Indurent Park Derby.

A total of 195 transactions were completed in the period, including 75 signed in February alone which represents a record month since the company launched in July last year.

Over the three-month period, more than three quarters (76%) of the transactions were new leases and renewals, with the remainder comprising rent reviews.

The majority (86%) of leases were for urban multi-let industrial units sub 10,000 sq ft.

Among the most notable deals is the arrival of Sinoboom at Indurent Park Derby.

Sinoboom is a plant and machinery company based in the Netherlands, which has signed a lease for a 27,600 sq ft unit.

Simon Ross, head of portfolio management at Indurent, said: “Despite continuing economic uncertainty, demand for modern I&L space remains robust across the key UK markets, particularly for mid-box and MLI assets.

“Based on the record enquiry levels we received in the first three months of the year, this positive leasing momentum looks set to continue.

“Businesses, particularly SMEs, not only want well-located, sustainable workspaces, they demand a frictionless experience and the ability to expand and contract as their circumstances change.

“Our continued investment in our tech-enabled operating platform and focus on customer service is helping to drive leasing activity and keep occupancy very high across a granular portfolio.”