Magna Park North Lutterworth will see the speculative construction of three units of 200,000 sq ft (MPN1), 503,000 sq ft (MPN2) and 297,000 sq ft (MPN3) with all unit expected to be completed and available by Q1 2022.

All of the units to be developed will benefit from a best-in-class specification including wide service yards, clear internal height of 12.5M together with an array of energy saving features, 100% PV ready and designed to WELLness principles.

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 of76,700 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 LABOUR 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

ONSITE 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…”

Olivia Hinds

Development Surveyor - United Kingdom

+44 020 7901 4455

Joe Garwood

Senior Development Director - United Kingdom

+44 (0)20 7901 4452

    Tom Fairlie

    - DTRE

    +44 (0)7747 441 858

    Richard Harman

    - DTRE

    +44 (0)7776 200 143

    Jamie Catherall

    -

    +44 (0)7718 242 693

    Mark Webster

    - DTRE

    +44 (0)7793 808 519

    Cameron Mitchell

    - Burbage Realty

    +44 (0)7392 092 534

    Franco Capella

    - Burbage Realty

    +44 (0)7834 197 403

    James Harrison

    - Burbage Realty

    +44 (0)7775 905 415