E-commerce outfit Keplin Group increase presence at Meon Vale Business Park.
A DISTRIBUTION firm has signed a lease agreement for an additional 75,000 sq ft of space at Meon Vale Business Park.
Keplin Group, which works with the e-commerce sector, has also signed a deal with St Modwen Logistics to extend its lease by five years on a neighbouring 43,000 sq ft unit which it has occupied since 2019.
Yafeth Asher, asset manager at St Modwen Logistics, said: “Maintaining and building upon strong relationships with existing customers is central to St Modwen Logistics’ success.
“The Keplin Group’s expansion at Meon Vale demonstrates the positive outcomes of our partnerships with customers to support their ongoing growth. The deal also showcases the park’s strong appeal to leading national distributors, owing to its provision of well-located, cost-effective bulk storage units.”
Raman Mehra, CEO at Keplin Group, added: “Flexible, well-located warehouse space is vital to our business in reducing our customers’ vehicular miles and delivery times, and overall carbon footprint. Our expansion at Meon Vale and continued partnership with St Modwen will support our future growth.”
From July, St Modwen Logistics’ portfolio of assets will become part of Indurent, a business which will have more than 200 assets totalling 26 million sq ft of logistics space.
