It is the largest programme of speculative logistics real estate development currently underway in the UK.
Demand for logistics sites is soaring and the latest round of development follows GLP’s completion of 1.25m sq ft of speculative space at Magna Park South, Lutterworth last month.
Development programme and contractors
- Three distribution units of 126,000 sq ft, 161,000 sq ft and 249,000 sq ft at G-Park Bedford Wixams to be built by Readie Construction
- A 133,000 sq ft unit at G-Park Northampton to be built by Glencar
- Two units comprising 117,000 and 140,000 sq ft at its new G-Park Milton Keynes development with a contractor to be confirmed shortly
- A 88,000 sq ft unit, Magnitude 88, at GLP’s flagship logistics park Magna Park Milton Keynes to be built by TSL
The developments are expected to be available for occupancy in Summer 2021, while Magnitude 88 will be available at the end of this year
The sites will all benefit from a range of leading sustainability features including rainwater harvesting, energy monitoring, LED lighting technology and reduced embodied carbon in the construction process.
Bruce Topley, Managing Director, GLP UK, said: “The growth of ecommerce in the UK has been accelerated by the Covid-19 pandemic given the increased importance of home deliveries.
“As a result, we have seen a surge in demand for logistics real estate in the right locations.
“Customers are also seeking to reinforce their supply chains and increasingly require higher specification buildings and cutting-edge sustainability credentials.
“In response to this, we are excited to be bringing 1 million sq ft of high-quality logistics space to the market which reaffirms our confidence in the continued strength of the UK.
“All developments are in carefully selected locations with excellent transport links to key areas of the UK.
“Each unit will be developed with flexibility at the forefront of both the design and construction processes, enabling customers to tailor the space to individual requirements.
“We look forward to discussions with new and existing customers, working alongside them to meet their specific operational requirements and helping them grow their business.”