SHD Logistics is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Small-and mid-box warehouse development near Milton Keynes

Small-and mid-box warehouse development near Milton Keynes

A shortage of supply is prompting a small-and mid-box warehouse development around Milton Keynes.

ohn McDougal, industrial director at LSH in Milton Keynes, said: “Supply remains close to record low levels with four successive quarters below 1.5 million sq ft. This level is well below the long-term average of in excess of 2million sq ft and only about 12 months take-up.”

“The first six months have been positive for the area with speculative development at Magna Park and Marston Gate helping to fuel confidence, while the return of 10-year lease terms has also boosted the sector.”

Work has just started on Phase II of Chancerygate Business Centre at Denbigh West, a 46,333 sq ft development comprising 15 high-specification units, further contributing to the positive picture in Milton Keynes.

LSH say rents are expected to rise, albeit at a slower pace than last year, because new developments in the lower size range are still restricted. Supply in the mid-box market – 50,000-100,000 sq ft – will remain tight because of a lack of land on which to build.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.