Back in 2006, when we acquired Severn Trent Water Property Ltd, we became owners of the open access rail terminal at the Daventry International Rail Freight Terminal (DIRFT). In the centre of the country, close to the West Coast Mainline Railway and Junction 18 of the M1 motorway, DIRFT has always been a prime intermodal logistics location.
The Severn Trent portfolio also included the neighbouring site, so because a growing number of our customers were interested in using rail as part of their logistics operations, we developed a second phase, which is now known as Prologis RFI DIRFT.
Phase two comprised three plots, which are now let to Tesco (840,000 square feet); Sainsbury’s (1 million square feet) and Eddie Stobart (420,000 square feet). Each company is using rail to transport goods; their reasons for doing so are similar, but they are all taking a different approach.