Security and risk management business Pilgrims Group has taken a 44,834 sq ft warehouse in Redhill, Surrey.
M&G Real Estate let the property at the Orchard Business Centre in Salfords on a 15-year lease.
The industrial estate is held as part of M&G's UK commercial property strategy for institutional investors, managed by Dermot Kiernan and Matthew Peake.
Pilgrims Group, a specialist security and risk management and training company, has chosen the unit to be its new European training headquarters.
The Orchard Business Centre is currently undergoing an extensive refurbishment programme, including four smaller trade counter units of approximately 4,000 sq ft each.
Matthew Peake of M&G said: "This asset is one of a number of major enhancement projects that we have undertaken in the portfolio that are now starting to bear fruit as the return to growth looks increasingly sustained.
"The high quality refurbishment of this unit and its strategic location fronting the A23 has enabled us to secure another significant occupier on attractive lease terms and we welcome Pilgrims Group to the estate."
Maxwell Brown and Colliers International advised M&G Real Estate. FTD Johns advised Pilgrims Group.