Standard Life Investments is building a 207,000 sq ft shed for Brakes Group in Reading, Berkshire.
The new temperature-controlled warehouse on the Suttons Business Park will be used by food services provider Brakes, creating 500 jobs in the area.
Brakes has signed a 25-year lease on the new facility.
Standard Life fund manager Will Fulton said: “The Brakes name is a great addition to Suttons and their commitment to the park, by agreeing a 25-year lease, emphasises the strategic importance of this location.”
Standard Life Investments was represented by Haslams & Lambert Smith Hampton; Gerald Eve advised the Brakes Group.
Nick.whitten@estatesgazette.com
