Mountpark Logistics, the industrial and logistics developer, has let a 359,305 sq ft purpose-built manufacturing facility to Countryside Properties at its Mountpark Bardon II scheme close to Junction 22 of the M1 motorway in the East Midlands.
Countryside plans to use the building to make its advanced modular panel system that will deliver around 3,250 new homes a year for the company’s three Midlands regions when the factory is fully operational. This is more than half the total number of modular homes Countryside is aiming to produce.
Modular housing providers need the large floorplates, high eves higjhts and good locations also demanded by the logistics sector.
Modular housing at scale is being pioneered by investors like Legal & General, who signed up for a 550,000 sq ft warehouse in Selby, Yorkshire, in 2017. The warehouse is now a modular housing facility.
The new Countryside facility will be the second building at Mountpark Bardon II, where the company recently completed a 579,160 sq ft national distribution centre for VF Corporation. Mountpark has already delivered 1.4 million sq ft at the first phase of its Bardon development with lettings to Amazon, Eddie Stobart and Pharmacy2U.
DTRE and CBRE acted for Mountpark and Countryside Properties was represented by Preston O’Herlihy.