11th July 2022

Iron Mountain Announces Home for New UK Campus at Symmetry Park Rugby

Tritax Symmetry has exchanged an agreement for lease with Iron Mountain on c. 1 million sq ft state of the art logistics space across four buildings at Symmetry Park, Rugby. The facilities will form Iron Mountain’s first UK campus to offer its wide range of services.

Winvic Construction has been appointed as main contractor to deliver the first two units, totalling 320,682 sq ft, which will be built to net zero carbon in construction. Work has already started and completion is due in Q2 2023. The construction of Units 03 and 04, comprising a total of 643,210 sq ft will follow in late 2023.

The announcement comes after the logistics developer secured outline planning permission from Rugby Borough Council (RBC) for up to 2 million sq ft of employment space on the 111-acre site, which is located on the M45/A56 strategic highway link.

Speaking about the letting, Joseph Skinner, associate development director at Tritax Symmetry, commented: “This is one of the largest lettings completed in the UK this year and we are pleased to have been able to successfully accommodate Iron Mountain’s requirement for its new campus strategically positioned in the heart of the golden triangle. This is the first time we have worked with Iron Mountain and we look forward to delivering a state in the art facility to support their expansion.”

Phil Shepley, VP and Commercial Lead for Iron Mountain in the UK, said: “The growth of E-commerce continues to drive huge demand for warehouse and logistics space across the country – this is why we have been so busy increasing facilities offerings for our customers.

“As part of this growth, we are very excited to make Rugby a new home for our operations. In offering our full range of warehouse and fulfilment services, alongside Iron Mountain’s digital and record management services, we expect to create an array of new job opportunities and boost the local economy.”

Ian Picker Portfolio Holder Growth and Investment at Rugby Borough Council, commented: “It’s great to see that Iron Mountain has chosen to invest in this new strategic site at the South West Rugby development. This shows that here, at the heart of the country, we are open for business and succeeding in attracting jobs and growth as we look to the future after the challenges of recent years.”

Nicola Smith, Chief Officer Growth and Investment at RBC: “We have been working closely with Tritax Symmetry over a number of years, on the detailed proposals for the development of this site.   It is a fantastic result to achieve the pre-let of four of the buildings on the site, to Iron Mountain, a large international business. This site is important to the build out of the sustainable urban extension at South West Rugby and to support new jobs and opportunities in Rugby. I look forward to the letting of the remaining building on the site.”

Colliers, M1 and Avison Young are joint letting agents for the scheme.

JLL & Tom Shaw advised Iron Mountain.

The wider South West Rugby Urban Extension will provide up to 5,000 new homes on land adjacent to Symmetry Park.

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