Magna Park North, Lutterworth offers a significant new extension to the existing development and brings forward over 225 acres of land for development.

The first phase of development at Magna Park North Lutterworth has seen the speculative development of circa 1M sq ft of space across 3 units of 200,000 (MPN1), 503,000 (MPN2) and 297,000 (MPN3) sq ft.  All units were leased ahead of completion to Bleckmann (MPN1) and Iron Mountain (MPN 2 and 3) respectively. MPN1 completed at the start of February and MPN3 is expected to be completed in April 2022.

In addition, a further build to suit development of 310,000 sq ft (MPN4) has been pre-let to LX Pantos.

All of the units developed benefit from a best-in-class specification including wide service yards, clear internal height of 15-18M together with an array of energy saving features, 100% PV ready and designed to WELLness principles.

In the next phase of development (Phase 2), GLP is bringing forward build to suit opportunities totalling 2M sq ft in a range of sizes which can accommodate in excess of 1M sq ft in a single building.

The units also feature GLP’s enhanced specification which includes an ultra-modern treatment to the design of the primary office elevation together with cutting-edge enhancements throughout the welfare facilities.

Magna Park Lutterworth is the UK and Europe’s largest dedicated logistics and distribution park situated within the Midlands’ ‘Golden Triangle’ of logistics.

As with all major employment locations, especially those with good strategic access, Magna Park draws its workforce from a wide area. GLP commissioned independent demographic projections of the future labour force. For the defined Magna Park catchment area there is a projected growth in labour supply over the period 2018-2031 of 76,700 additional workers.

Key features

Reducing water usage

Rainwater harvesting for use in toilet flushing and other non-potable applications.

Optimising the use of natural light

Our triple skinned factory assembled rooflight solution can save up to 13% a year on running costs.

Recycled & recyclable materials

Our initiatives contribute to a greener world and offer distinct advantages to our customers and communities.

Monitoring energy usage

Our online energy dashboard can help customers proactively manage their energy consumption.

Cost-effective

We use high-quality materials and sustainable initiatives to add value and bottom-line savings through reduced operating costs.

Exceeding requirements

GLP is pioneer in environmentally sustainable "eco-warehouse" development, setting the industry standard.

Location

1

Junction 21, M1

2.5 miles

2

Junction 1, M6

4.5 miles

3

Junction 1, M69

7 miles

4

Rugby

7.5 miles

5

Coventry

19 miles

6

Northampton

25.5 miles

Reasons to be here

Catchment

As with all major employment locations, especially those with good strategic access, Magna Park draws its workforce from a wide area. Survey evidence of where employees at Magna Park reside demonstrates the very wide-ranging labour market catchment. In a 2018 survey of employment agencies, the results indicate that occupiers tended to concentrate on Leicester and Coventry as their principal sources of labour

Future Labor Supply

For occupiers at Magna Park, the current stock of available labour in the catchment area is of interest but so will also be the supply of labour in the future. As part of their evidence to the Harborough Local Plan, GLP commissioned independent demographic projections of the future labour force. This shows that for the defined Magna Park catchment area there is a projected growth in labour supply over the period 2018 — 2031 of 76,700 additional workers, an increase of 6.4% on the size of the current workforce, or a growth rate of 0.5% p.a. over the period.

Population

According to the latest Annual Population Survey (APS) data for the 12 months to March 2019, there was a total of 1.44 million people of working age 16- 4 in the Magna Park catchment area

Employment

The jobs density, which measures the number of jobs per working age population in an area, is at 0.85 which is similar to the Great Britain average of 0.86. This implies there is a reasonable balance between jobs and workers within this catchment area

On-site Logistics Institute of Technology (LIT)

A university-partnered logistics academy and campus to prepare students for careers in the industry and help feed the talent pool in Magna Park. “…there is a projected growth in labour supply over the period 2018 — 2031 of 76,700 additional workers…”
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Olivia Hinds

Development Manager - United Kingdom

+44 7980 943341

Joe Garwood

Senior Development Director - United Kingdom

+44 7583 118543

    Emily Le Gallais

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    +44 739 947 1577

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