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Leicestershire warehouse scheme gets momentous development

Leicestershire warehouse scheme gets momentous development

Plans for a 4 million sq ft Leicestershire warehousing scheme are being prepared by IM Properties as a second Leicestershire scheme of 1.3 million sq ft is given the green light.

The 238-acre site close to junction 11 of the M42 motorway are now in the pre-application process.

The 4m sq ft project is understood to involve a first phase of 1.5 million sq ft starting next year, with further phases each year to 2021.

Simultaneously a second Leicestershire scheme has won the backing of planners. The 82-acre site near Hinkley, close to junction of the M69 motorway will see 1.3 million sq ft of new development. This includes a 318,000sq ft warehouse for DPD plus a further large unit of 532,000sq ft and a series of mid-box units totalling 452,000sq ft.

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