Invesco Real Estate, the USD 90bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), has partnered with GARBE Industrial Real Estate GmbH (“GARBE”), in a joint venture to develop a circa 550,000 sq ft Class A logistics site in Worksop, located in the prime East Midlands logistics UK market. The two-unit scheme, comprising of separate 462,500 sqft and 86,500 sqft facilities spread over 28.9 acres, will see construction commencing September 2024 and completion in Q3 of 2025. Both units target BREEAM Excellent and EPC A+ standards.[1] Strategically located in the East Midlands, Worksop benefits from a catchment area of circa 3 million people within 45 minute drivetime, with the major cities of Manchester, Birmingham, Nottingham and Sheffield reachable within less than two hours drive. The site is located equidistant between the M1 and A1(M) providing easy access to the UK’s national motorway network. GARBE, one of the leading specialists for logistics and industrial properties across Europe currently has c. EUR10,6 billion of assets under management, with around EUR2.8 billion in its development pipeline. Chris Hornung, Country Head & Managing Director at GARBE UK, said “This is an excellent opportunity to capitalise on the dearth of supply of large logistics units of 450,000sq ft plus in the region. This development is in line with our strategy to speculatively develop in undersupplied markets with the added benefit of Worksop providing occupiers with a strong labour pool”. Rob Johnston, Managing Director – Head of Investments, UK & Nordics at Invesco Real Estate, said: “We’re delighted to be partnering with GARBE to secure this rare opportunity to acquire a prime logistics site in the East Midlands and to further expand our UK and European logistics portfolio.” GARBE and Invesco were advised by agents Atlas Real Estate. Carter Jonas, DTRE and Moriarty & Co have been appointed as joint letting agents. Building, Design & Construction Magazine | The Choice of Industry Professionals

Logicor, a leading owner, manager and developer of logistics real estate in Europe, has begun construction on its multi-let industrial (MLI) site in Altrincham, Greater Manchester, UK, which will deliver three new, high-quality units for the region. The redevelopment, known as Logicor Park Altrincham, provides c.43,000 sq ft of warehouse space across three units c.21,000 sq ft, c.15,500 sq ft and c.3,500 sq ft, strategically located in an established trade location within Greater Manchester. The park benefits from convenient links to the A56 and A560 and easy access to coveted distribution routes across the North of England, which combined hold the potential to reach 7.6 million people within a three hour drive. Designed with sustainability in mind, Logicor Park Altrincham is targeting EPC A+ and at least a BREEAM Very Good rating with extensive EV charging facilities, LED lighting and a roof-mounted Solar PV system that ensures individual units offer customers the flexibility to fit additional solar installations to suit their needs. These features combined will help to reduce costs and minimise the carbon footprint for customers. In addition, the redevelopment is targeting a significant biodiversity net gain increase by prioritising a ‘green zone’, which will see the planting of more than 1,000 new plants and trees, and additional landscaping provisions. Charlie Howard, Managing Director for Logicor UK said “We’re really excited to have begun construction at Logicor Park Altrincham. There is proven demand for high-quality, sustainable logistics space in premium locations and we look forward to welcoming new customers in the second half of next year. “Being able to meet this need while delivering state-of-the-art, sustainable space that meets the highest of today’s standards is a great privilege. It also marks another step towards our goal of increasing the capacity of our on-site renewable energy generation, in turn helping us to reduce our carbon footprint by 36% by 2030. Logicor has a number of developments under construction in the North West and Golden Triangle, including Logicor Park Daventry, Derby 507, Bolton 330 and Logicor Park Altrincham, which will deliver over 1.7m sq ft of modern, sustainable warehouse space over the next 12 months. Units at Altrincham, Greater Manchester, UK will be available to occupy from the second half of 2025. For more information, please visit: www.logicorparkaltrincham.co.uk Building, Design & Construction Magazine | The Choice of Industry Professionals

Indurent, the newly formed logistics giant born from the merger of Industrials REIT and St. Modwen Logistics, has successfully secured planning approval for a substantial 432,000 sq ft industrial and logistics development in Lichfield. This ambitious project, named Indurent Park Lichfield, is set to address the critical shortage of mid-sized warehousing units in the region. Located off Cricket Lane and adjacent to the Swinfen Interchange roundabout, which offers convenient access to the M6 motorway, the development will comprise eight mid-box units ranging in size from 36,000 sq ft to 83,000 sq ft. Each unit is designed to achieve a minimum BREEAM ‘Excellent’ rating for sustainability and an EPC ‘A’ rating for energy efficiency, reflecting Indurent’s commitment to environmentally responsible construction. Jessica Evans, senior planning manager at Indurent, commented on the project’s approval: “The approval of Indurent Park Lichfield will help to address the region’s acute undersupply of modern mid-box warehousing and deliver significant social and economic value for the region. Having engaged extensively with the local community throughout the planning process, the approval builds on Indurent’s successful track record of development in Staffordshire, where we provide over three million sq ft of high-quality space and support the success of customers of all sizes seeking to benefit from the Midlands’ national connectivity and large, skilled workforce.” The development is expected to create 250 jobs during its construction phase, which is slated to begin in 2025. Upon completion of the first phase in 2026, the park is projected to support around 820 full-time jobs across various roles. Indurent, owned by investment funds managed by Blackstone, currently owns and operates 27 million sq ft of industrial and logistics space across the UK, supporting over 2,000 businesses across diverse sectors. This new Lichfield development is a significant addition to their expanding portfolio, underscoring their commitment to meeting the growing demand for high-quality industrial space in the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals

McLaren Construction (Midlands and North) has announced the start of works on a significant new project, ‘B4’, at one of the UK’s largest and busiest airports. Valued at £12,844,105.00, the development on the World Freight Terminal at Manchester Airport marks a crucial addition to its infrastructure. Delivered on behalf of Columbia Threadneedle Investments, the project follows a previous phase of works for the client, at the World Freight Terminal development to the west of Manchester Airport, which concentrated on the build of a 100,000 sq. ft warehouse sub-divided into three commercial units, with internal office spaces. B4 involves the design and construction of a state-of-the-art industrial unit, complete with office space, external works, and meticulous landscaping. Spanning 92,000 square feet, the facility will serve as prime industrial and logistics space within the boundaries of airport security. With a 50-week completion target, McLaren Construction Midlands and North will oversee all aspects of construction, including associated access roads and sustainable landscaping features. The building’s external finishes will align with the contractors previous successful projects for Columbia Threadneedle, including B3 DNATA and B401, ensuring architectural consistency and quality. McLaren Construction Midlands and North demonstrates its commitment to environmental sustainability by integrating recycled components from previous demolitions, using available materials from the groundwork that can be crushed and re-used, and connecting to the site’s Mains Power, thereby eliminating the need for generators and fuel. This approach not only contributes to the project’s exceptional BREEAM Rating of Excellent and EPC rating of A+ but also extends to McLaren’s efforts to enhance local ecology. Particularly near the Site-Specific Scientific Interest (SSSI) areas. The contractor has meticulously planned the development to minimise environmental impact, enhance biodiversity, and target additional BREEAM points for ecological enhancements. Operating within the confines of airport security has posed unique logistical challenges but McLaren Construction has navigated these complexities by collaborating closely with Manchester Airport Group (MAG) Utilities and other stakeholders, ensuring seamless coordination of deliveries amidst ongoing airport operations. Gary Cramp, managing director of McLaren Construction (Midlands and North), said: “We are proud to once again be working with Columbia Threadneedle Investments on this vital addition to the World Freight Terminal infrastructure. The B4 project is an essential part of the airport’s ongoing development, providing much-needed industrial and logistics space. With our experience in delivering high-quality projects in complex environments, we are confident that this new facility will play a key role in supporting the airport’s growth and operational needs.” To find out more about McLaren Construction (Midlands and North) Ltd, please visit: www.mclarengroup.com Building, Design & Construction Magazine | The Choice of Industry Professionals

Andrew Scott Limited has successfully handed over a new Eco Park Waste and Recycling Facility in Milford Haven for their Client, Pembrokeshire County Council. The new Eco Park Waste Recycling facility will support Pembrokeshire County Council’s waste and recycling programme, in line with the Welsh Government Strategy “Towards Zero Waste”. The facility will enable materials collected across Pembrokeshire to be bulked and sorted prior to onward transfer to processing and disposal facilities across Wales and the UK.     Andrew Scott Ltd were awarded the Contract for Phases 1-3 as detailed below:      As part of this project, Andrew Scott Ltd and Pembrokeshire County Council are committed to maximising recycling and re-use of excavated materials from the existing site to promote and increase a circular economy and reduce the carbon footprint of the project and minimise the amount of construction traffic. During the main construction phase of this project, Andrew Scott implemented the following initiatives to contribute to Sustainable Development: Throughout the project, a total of 120,000 tonnes of waste was produced, 99% of which was diverted from landfill. A total of 114,000 tonnes of soil and stone biproduct was produced and 100% of this was re-used. Prior to and during the project, Site Waste Management Plans were established to prioritise the principles of the Waste Hierarchy, in order to minimise waste and achieve the targets set. Andrew Scott are extremely proud of the outstanding waste diverted from landfill rates achieved on this project and are highly committed to continue this progress to enhancing Environmental Sustainability on all projects. As a sustainable business, Andrew Scott Limited’s business model is aligned to the wider global goals of achieving net zero carbon by 2050. We are committed to accelerating this time frame to achieving net zero carbon by 2030, committing to reaching zero carbon emissions across all operations, direct and in-direct. As a socially conscious contractor, our strong community benefits offering is closely tied to the Well-being of Future Generations Act, ensuring cohesive communities and a more prosperous and resilient Wales.        Throughout the project, Andrew Scott supported training opportunities for graduates and apprentices in West Wales, as well as long term sustainable employment opportunities for disadvantaged individuals from the Pembrokeshire area.     Mark Bowen, Managing Director of Andrew Scott Ltd, said “we are delighted to have handed over the new Eco Park Waste and Recycling Facility to our Client, Pembrokeshire County Council. As a Welsh contractor, we are committed to help the Welsh Government reach net-zero by 2050 and also accelerate our net zero target of 2030. We are totally committed to decarbonisation of the built environment, with a focus on reducing our emissions throughout the business and ensured that all stakeholders on this project met the goals of a globally responsible Wales.”         Cllr Rhys Sinnett, Cabinet Member for Residents’ Services, welcomed this county-wide resource for handling the Authority’s recyclate and residual waste streams. He said: “We are delighted to receive handover of this important facility from Andrew Scott Ltd. This will modernise Pembrokeshire’s recycling facilities as we work to increase recycling rates in line with the Welsh Government Strategies ‘Towards Zero Waste’ and ‘Beyond Recycling’. This facility will provide us with greater control over the waste streams we collect. We are also grateful for grant funding from Welsh Government towards the development of the Eco Park to help make this possible.” Building, Design & Construction Magazine | The Choice of Industry Professionals

UBS AM complete lettings totaling more than 60,500 sq ft at new urban logistics industrial park A duo of lettings totaling more than 60,500 sq ft have been completed at Velocity Point, the UBS AM Real Estate & Private Markets (UBS AM REPM) funded logistics park in Leeds. The latest deals follow a flurry of lettings at the urban logistics industrial development with occupiers signing up to 7 of the 9 specialist units since PC just 7 months ago.  Garolla, the UK’s #1 recommended garage door company, has taken Unit 9, totaling 33,500 sq ft over ground and first floor.  The company, which supplies and installs made-to-measure electric garage doors  nationally, has acquired the site as part of its growth plans as it expands in the garage door market and adjacent categories. Avison Young advised Garolla on the acquisition. Total Hardware, a leading window and door hardware supplier, has agreed terms on Unit 6 totaling 27,000 sq ft over ground and first floor.  The company is moving to Velocity Point to facilitate its business expansion into larger, more practical, modern premises.  The company supplies a comprehensive range of market-leading hardware products to the trade. Velocity Point is a Grade A, speculatively built Industrial Park set across 13 acres and offers nine units across five buildings from 3,500 sq ft to 108,500 sq ft. The development is strategically located with direct links to Leeds City Centre, the UK motorway network and is set within a globally-recognised region for advanced manufacturing, R&D and academia. CBRE, Carter Towler and Savills are joint marketing agents for Velocity Point. Jonny Ufton, Investment Manager, UBS AM REPM, commented: “Velocity Point, which is set against the Leeds-Liverpool Canal, offers occupiers a high quality working environment with vast green spaces and has been designed to promote a positive work life balance by putting people at its heart.  The development is built to the highest standard with future-thinking design firmly focused on sustainability, with renewable and environmentally responsible features being integral to the scheme.  It’s a real draw for businesses of all sizes from those looking to integrate their operations into national and international supply chains to companies seeking strong links to academia excellence and places occupiers in a prime position for growth.” Dani Raunjak, Associate Director at CBRE Leeds, said; “The deals secured on seven out of nine units within a few months of completion at Velocity Point demonstrates the appeal of well positioned, quality stock in a supply constrained Northern logistics market. Carter Towler, Savills and our team have received considerable interest in the remaining units and look forward to achieving full occupation soon.” According to Rob Oliver, Principal at Avison Young, who advised Garolla on their search and acquisition; “We have undertaken several acquisitions across Yorkshire in recent months, with a number of further projects ongoing. We were delighted to work with Garolla on this matter, undertaking a thorough review and consideration of their options, and then securing a lease on this high quality new unit at Velocity Point. Availability of quality units across the region ready for immediate occupation is getting challenging, given the limited amount of current development. It is particularly pleasing to support a manufacturing business looking to upgrade and expand their operation.” Building, Design & Construction Magazine | The Choice of Industry Professionals

Panattoni, the largest logistics real estate developer in the UK and Europe, has begun speculatively developing a 200,000 sq ft logistics park in Crawley as part of its mid-box logistics development dive in the South East. Panattoni Park Crawley comprises two units of 134,012 sq ft and 65,660 sq ft, which could be combined into one and will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’.  Both units will incorporate enhanced sustainability measures, including roof-mounted solar panels, rainwater harvesting, electric vehicle charging points and 15% roof lights to give a high level of natural daylight. Panattoni Park Crawley is in an established last mile and distribution location on Fleming Way in the industrial area of Manor Royal Business District, close to Gatwick Airport and junction 10 of the M23. It will provide direct access to the affluent consumer markets of London and the south east. Occupiers at Manor Royal include Amazon, DPD, Hermes, Parcelforce, Royal Mail, UPS, Yodel, Ocado and Tesco. Panattoni Park Crawley is the fifth current mid-box development for Panattoni in the south east, joining Poyle (80,000 sq ft), Burgess Hill (452,469 sq ft), Brighton (268,063 sq ft) and Basingstoke (117,050 sq ft). David McGougan, Development Director at Panattoni, said: “This development is in line with our strategy to speculatively develop in undersupplied markets, and Crawley provides occupiers with an excellent base to service London and south east markets. “The outlook for the mid-box market is positive, with good levels of occupier interest, driven by their flight to quality and the desire to move out of older redundant stock and into modern and efficient space”. Agents at Panattoni Park Crawley are JLL, Savills and Hollis Hockley. For more information on Panattoni Park Crawley please visit: https://panattoni.co.uk/our-properties/crawley/ Building, Design & Construction Magazine | The Choice of Industry Professionals

Mountpark has secured planning permission from Wakefield Council for the redevelopment of The Coal Yard at Ferrybridge Power Station in West Yorkshire. The hybrid application includes detailed planning permission for site infrastructure works and outline approval for up to 1.64 million sq ft industrial and logistics on the 110-acre site. Extensive highway improvements from the adjacent A162 into the development are also included within the scheme.  The regeneration of the former Coal Yard site is expected to create upwards of 2,000 jobs as Brett Huxley, development director for Mountpark (UK & Ireland) explains: “This decision is the next step towards delivering a new future to this iconic site. Mountpark Ferrybridge represents one of the largest job creation projects in West Yorkshire in recent years, and we hope to attract significant inward investment by creating a high quality industrial and logistics campus for our occupiers. The project will generate a vast array of job opportunities for local people, bringing industry and economic prosperity back to Ferrybridge.” The planning permission benefits from significant infrastructure improvements which will assist delivering the development proposals. Strategically located at the intersection of the M62/A1(M) motorways, the site will offer occupiers immediate connectivity to the national motorway network and local labour pool.  Mountpark Ferrybridge will cater for requirements from 40,000 sq ft to 640,000 sq ft. Mountpark’s plans also retain the existing railway sidings that bound the scheme with enhanced landscaping, footpaths and cycleways reconnecting Ferrybridge with the local community. Mountpark’s joint agents on the scheme are Carter Towler and JLL. The wider project team includes Oxalis Planning, SMR Architects, Markides Associates and Hydrock+CPD. Building, Design & Construction Magazine | The Choice of Industry Professionals