Warner Estate Holdings and the Bank of Scotland’s Radial Distribution today announced they had agreed an 54,000 sq ft (5,017 sq m) extension of its Antalis distribution unit at Interlink Park in Leicestershire.

The property is currently let to Antalis, one of Europe’s biggest distributors of paper products. Under terms of the deal, the company has also agreed to occupy the property for a further five years until November 2023.

Michael Stevens, property director at Warner Estate, said: ‘These plans are very much in line with Radial’s stated objectives of maximising opportunities to enhance returns through active asset management.’

Located off the M1 at Junction 22, Interlink Park is a premier industrial warehouse development within the Golden Triangle.

The Radial Distribution Fund was established in 2003 as a joint venture with Bank of Scotland, in response to the significant changes occurring in the distribution and logistics markets. Radial owns ten sites with over 2.3m sq ft (214,918 sq m) under management.