Retailer Amazon looks set to occupy a second warehouse in Peterborough

Amazon extends Prime service
Amazon extends Prime service
0
Have your say

Online retailing giant Amazon is understood to have agreed to lease a large warehouse close to the A1(M) at Peterborough.

The e-commerce company, which already operates a fulfilment centre in Kingston Park, Peterborough, employing about 1,000 people, is set to occupy an 87,600 sq ft warehouse close to junction 17.

The  Amazon fulfilment centre in Peterborough l Photo credit: Chris Radburn/PA Wire ENGEMN00120131223080033

The Amazon fulfilment centre in Peterborough l Photo credit: Chris Radburn/PA Wire ENGEMN00120131223080033

The newly-refurbished unit has been let by a fund managed by London-based Clearbell Capital and it is understood that Amazon will pay £3.99 per square foot for the unit.

A Clearbell spokesman said: “We have let a fully refurbished 87,600 sq ft warehouse unit in Peterborough to a major online retailer.”

Manish Chande, senior partner at Clearbell, said: “This is an excellent result.

“With this letting we have been able to help solve the last mile conundrum that many retailers have been faced with as retail habits shift across the UK.”

Amazon surprised many commentators yesterday by announcing profits for the second quarter running.

It has reported profits of $79 million (£51.3 million) for the quarter ending September 30 compared with a loss of $437 million a year ago.

The company is also forecasting a record festive holiday season ahead.