Kuehne + Nagel has signed up for 195,547 sq ft on a 17-acre site at SEGRO Logistics Park East Midlands Gateway as it grows its Overland operation.
They have signed a 15 year lease.
Jim Hedderwick, Kuehne + Nagel Director of Overland UK, said: “The new facility will enable us to continue to develop our market leading European groupage product and will be designed to include a 40,000 sq ft temperature controlled area to accelerate our ambitious growth plans within the Pharmaceutical sector.”
Since October 2017, SEGRO has contracted over 2.5 million sq ft of space at the 7 million sq ft East Midlands site.
As part of the scheme, SEGRO is delivering extensive road improvements which will increase capacity at Junction 24, Junction 24A and will deliver a new bypass for the nearby village of Kegworth. The scheme will also include new 50 acre rail freight terminal and a public bus terminal has recently opened at the new entrance to the site.
Highways England are also undertaking work to the current M1 to create a ‘smart motorway’ which is planned to further improve the connectivity to the site.
As well as providing critical infrastructure for the logistics supply chain, the development of SEGRO Logistics Park East Midlands Gateway will create 7,250 jobs, 900 construction jobs and 3,000 indirect jobs.
East Midlands Gateway is located in the near centre of England, with Nottingham 13 miles to the north-east, Leicester 20 miles to the south and Derby 14 miles to the north west which brings the benefit of a three city labour supply with one million people within a 30 minute drive.
Burbage Realty, CBRE and Savills are agents for the scheme.