Sizewell C leases one million square foot Orwell logistics park

We advised BGO and Equation Properties in one of the largest letting transactions in the UK.

Sizewell C has agreed the lease of Orwell Logistics Park (OLP) in Ipswich, owned by BGO and delivered by Equation Properties. Taylor Wessing advised BGO and Equation properties on the lease of the 1.08 million square foot site.

Sizewell C is a proposed new nuclear power station in Suffolk. The station secured its Nuclear Site Licence earlier this year, with work progressing on site and a Financial Investment Decision expected this year. With this latest transaction the power station achieves a significant milestone that will play a crucial role in supporting the supply chain requirements for its construction.

BGO is a leading, global real estate investment management advisor, real estate lender, and a globally-recognised provider of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset management of office, retail, industrial and multi-residential property across the globe.

Equation Properties is a versatile property development and investment company, focused primarily on development in the distribution and industrial sector.

The team was led by Georgina Watt with support from Marcus Diviney, David Blair, Joanna Bassett, Anna-Mariya Angelinova and Sam Cave-Brown-Cave in the real estate group.