The Delta Group has agreed to a new 15-year lease for three units on the speculatively developed multi-let estate totalling 114,000 sq ft, one of the largest lettings in the South East this year to date. Due for completion in September 2024, Savills building & project consultancy is also overseeing the construction on behalf of The Delta Group.

Locating to Spark, The Delta Group is set to benefit from being a 15 minute drive from Stansted airport, as well as excellent access to the wider motorway network via J8 and the new J7a of the M11. The new units will also comprise PV panels to meet ESG requirements and provide the opportunity to use renewable power sources to run its operations.

Tom Shaw, director in the industrial & logistics occupier advisory team at Savills, comments: “We are delighted to have secured this deal on behalf of Delta, which concludes a long-term project which included the successful sale and leaseback of its existing facility in Waltham Cross in 2021. Having chosen to relocate its HQ following a shift in requirements due to advances in technology and machinery, the extensive search for the right premises ensured an alignment with the firm’s new business strategy. The speculative scheme provided the chance to fit these specifications and adapt to suit the company’s needs.”