Developer Gazeley says the distribution park at Lutterworth, close to the M1, M6 and M69 motorways, will grow from 9 million sq ft to 16 million sq ft as they build into a new 225 acre Northern plot and a smaller southern plot.
Magna Park South, Lutterworth can accommodate 2.8 million SQ FT with build-to-suit options available in a range of sizes. Construction work has already begun. Development has begun on three speculative logistics and distribution units totalling 525,400 sq ft. Construction of the units of 300,300 sq ft, 126,000 sq ft and 99,000 sq ft will be completed this autumn.
The northern side of the park is also being developed on 225 acres of land, which will offer build-to-suit development options in a range of sizes with units up to 1 million sq ft. In total the northern site will add 3.3 million sq ft to Magna Park.
The developments will also come equipped with online energy dashboards to help customers monitor energy usage, as well as rainwater harvesting and technology to optimise the use of natural light. In addition, the new buildings are expected to receive a BREAAM Excellent certification.
Bruce Topley, Senior Development Director at Gazeley said: “In light of the continued high demand for logistics space, particularly in this area, we are confident that these buildings will be a welcome addition to the market. Situated right in the heart of the “UK’s Logistics Golden Triangle”, the development is ideally suited to serve the fast-expanding supply chain operations of our customers.”