Truck parking operator acquires Bedfordshire site

By Liza Helps, Property Editor, Logistics Matters

THE COMPANY has signed a five-year lease on a 4.46-acre former self-storage site at North Luton Industrial Estate, which is close to junction 11a of the M1 motorway.

Property consultancy Kirkby Diamond was instructed to market the site and completed the letting of the storage land in just seven days. 

Park Your Truck is Europe’s largest truck parking operator. It offers truck parking spaces in the close vicinity of its customers’ depots or production sites and operates them according to customer requirements with its own 24/7 security service and yard management. It provides parking facilities for truck drivers and works alongside major distribution businesses such as Amazon. 

Park Your Truck has a unique strategy to turn corporate spaces, airport/trade fair or stadium areas into truck parking spaces and has already created over 30,000 additional truck parking spaces in Europe. A large number of these are now being electrified for commercial vehicles and equipped with night charging points and fast charging points.

Kirkby Diamond executive partner and head of industrial and logistics Eamon Kennedy, said: “We were instructed to market the storage land by a private property company and we were inundated with enquiries from day one. This high level of interest underlines the growing strength of demand for storage land, as more and more sites are being acquired for development. We have seen rents increase over 200% over the last five years as demand outstrips supply.”

“We were able to agree the letting to Park Your Truck within one week of bringing it to market and we doubled the previous rent, which is a remarkable result for our client.”