United Kingdom – May 2024 – GLP, the leading global business builder, owner, developer, and operator of logistics real estate, digital infrastructure, renewable energy, and related technologies, has today announced that it has commenced construction of MPN 761, a speculative unit measuring 761,361 sq ft in Magna Park North Lutterworth.
MPN 761 will target a BREEAM Outstanding accreditation while the overall scheme will be a net-zero development with each unit independently certified by Planet Mark. It will benefit from best-in-class specifications and ESG features including wide service yards, significant HGV and car parking allocations, dock levelers, level access doors, increased natural light, electric vehicle charging and abundant power supply.
The building will be designed to WELL principles with the occupiers in mind, with GLP aiming to provide a more productive and pleasant working environment for employees.
GLP will also be supporting customers to reduce energy and operational costs, by providing a complimentary Planet Mark program to help monitor, track and reduce their respective carbon footprint.
Construction is expected to be completed in June 2025.
Magna Park North, an extension to the existing Magna Park Lutterworth development, has brought forward over 4.5 million sq ft acres of additional land for development, including an additional 200-acre Country Park enhancing the park’s facilities and providing recreation areas for both customers and the wider community.
The first phase of development at Magna Park North Lutterworth has seen the speculative development of circa 1M sq ft of space across three units of 200,000 (MPN1), 503,000 (MPN2) and 297,000 (MPN3). All units were leased ahead of completion. In addition, a further build-to-suit development of 310,000 sq ft (MPN4) has been let to LX Pantos.
In 2022, GLP also partnered with North Warwickshire and South Leicestershire College, and Wincanton to house The Centre for Logistics, Education and Research (CLEAR) – a unique research, innovation, education, and training facility for both customers on the park and the wider logistics industry.
In the last two phases of spec development, the park has welcomed customers such as Bleckmann, Iron Mountain, LX Pantos, Unipart and Centrica. This underlines the sustained levels of new and repeat customer demand for the high-quality environment that Magna Park Lutterworth offers, which now consists of 49 buildings and is over 13m SQ FT.
Bruce Topley Managing Director at GLP commented: “We are pleased to have commenced development of MPN 761 in Magna Park North. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. As companies look to benefit from a prime location, we look forward to welcoming customers to our existing units and positioning Magna Park North Lutterworth for long-term success. »
Joe Garwood, Senior Development Director at GLP said: « The development of MPN 761 will be an excellent addition to our existing units in Magna Park North Lutterworth. At GLP, we embed customer-centricity at the outset of any development alongside aligning environmental and social concerns. This site is a great example of that and at the cutting edge of the warehouse market in the UK. »
About Magna Park Lutterworth
Covering over 1400 acres (including 200 acres of country park), Magna Park Lutterworth is widely recognised as the UK and Europe’s largest dedicated logistics and distribution park. It is currently home to 32 different tenants, occupying over 13 million sq ft of sustainable floor space across 49 buildings. Its location, bounded by the M1, M6 and M69 motorways, widely known as the “Golden Triangle,” makes it an ideal choice for logistics firms due to its strategic position in the centre of the country. This project stands as GLP’s blueprint for the development of successful large-scale logistics parks worldwide, including our second UK-based Magna Park logistics park in Milton Keynes.
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