GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has appointed Natali Cooper as Head of Portfolio, Asset Management and ESG, Europe. Natali has played a lead role in the development of GLP’s ESG strategy across its European portfolio and through its funds.
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that is has let the entirety of G-Park Bedford Wixams to MH Star. The major new lease encompasses over 530,000 sq ft. of space across three newly developed buildings which remain under construction. This is MH
GLP, a leading investor and developer of logistics warehouses and distribution parks has today announced that it is to develop a 136,000 SQ FT manufacturing facility and distribution centre for leading UK composite door manufacturer Solidor on the final plot at its G-Park Stoke development in Stoke-on-Trent. Solidor, part of
The upsize will fund strategic expansion and transform the fund into a diversified Pan-European vehicle GLP announced today a strategic expansion in size and scope of GLP Continental Europe Development Partners I (“GLP CDP I”). GLP and its partners Canada Pension Plan Investment Board (“CPP Investments”) through its wholly owned
GLP, a leading investor and developer of logistics buildings and warehouses, has announced that it has secured planning permission for the development of up to 736,000 SQ FT of warehouse space at G-Park Ashby. The planning consent allows for the development of either one or two units depending on customer
The logistics and supply chain sector is set to benefit from a dedicated new training and research facility that has been developed through a partnership between industry and education based at the heart of the ‘Golden Triangle’ at GLP’s Magna Park development in Lutterworth. The Centre for Logistics Education and
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of seven logistics real estate assets in Italy. The 200,000 SQ M portfolio acquisition represents one of the largest logistics transactions in Italy this year and was made on behalf of GLP’s pan-European logistics
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of an 8-acre site in Crawley and plans to develop 159,000 SQ FT of mid-box warehouse space. The mid-box development will support GLP’s customers’ increasing requirements for last-mile logistics solutions, particularly in the South
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it is starting construction on 1 million SQ FT of warehouse space across seven units and four sites in Bedfordshire, Northamptonshire and Milton Keynes, following the grant of planning permission. It is the largest programme
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has completed the development of over 1.25 million SQ FT of modern logistics space at Magna Park South, Lutterworth. The new development includes three units of 746,000 SQ FT, 126,000 SQ FT and 300,000
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has appointed Natali Cooper as Head of Portfolio, Asset Management and ESG, Europe. Natali has played a lead role in the development of GLP’s ESG strategy across its European portfolio and through its funds. Through the new role, Natali will be responsible for the ongoing implementation and evolution of the strategy across the European business. In addition, Natali will remain in charge of the portfolio and asset management functions as an ongoing strategic priority for the business. GLP has established a broad range of environmental, social and governance commitments that elevate the business and create value for its stakeholders. These cover a number of areas including developing and managing sustainable assets and promoting the well-being of its people, partners and communities. GLP has pioneered market-leading sustainability initiatives in the logistics real estate sector including the development of Magnitude at Magna Park, Milton Keynes which is one of the first designated net-zero logistics building in the UK. Nick Cook, President, GLP Europe, said: “Our approach to sustainability and ESG sits at the heart of our decision-making process. Natali has led the way in developing our long-term ESG strategy and we are thrilled that she will be leading on its execution over the coming years. We have made great strides in integrating ESG considerations across our business but recognise that we, and the industry as a whole, have a long way to go. I look forward to working closely with Natali to further develop our sustainability credentials.” Natali Cooper added: “The logistics sector’s stratospheric growth and increasingly important role in the global economy has already placed the industry in the spotlight. It is essential for the long-term success of our business that we take meaningful action to reduce our carbon footprint and create a blueprint for integrating these buildings into communities. This is both a moral and commercial imperative. The whole team is committed to delivering on our ambitious strategy and I look forward to implementing it in the years to come.”
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that is has let the entirety of G-Park Bedford Wixams to MH Star. The major new lease encompasses over 530,000 sq ft. of space across three newly developed buildings which remain under construction. This is MH Star’s first lease with GLP in the UK having previously leased space with the company in Spain. G-Park Bedford Wixams is being developed on a speculative basis by GLP and comprises three buildings of 125,000 sq ft., 160,000 sq ft. and 250,000 sq ft. It is the largest single development in Bedfordshire and is an ideal location for logistics with easy access to both the M1 and A1. MH Star UK, a London-based ecommerce company specialising in the home, outdoors and beyond, have been building their brand reputation since 2010; in particular seeing a significant uptake in customer demand since the beginning of last year. The new development will assist with the company’s continued progress, supporting them at this key moment in ecommerce where both customer and key chain demand increases at an exceedingly fast-paced rate. MH Star UK has experienced rapid growth over the last year, accelerated by the consumer shift to e-commerce following the Covid-19 pandemic. The development was undertaken in response to unprecedented demand stemming from the continued growth of ecommerce and a need for increased supply chain resilience. The construction of G-Park Bedford Wixams forms part of GLP’s ongoing expansion plan across the UK and Europe. In the UK, GLP recently announced the development of a further 2.3 million sq ft of space across a range of sites in addition to the 1 million sq ft of space announced in January. As with all GLP developments, industry-leading sustainability features are delivered as standard including 12% less embodied carbon than industry standard and 15% less operational carbon in day-to-day operations. The buildings have been developed to a BREEAM Excellent rating and are WELL ready. Adrienne Howells, Development Director, GLP said: “This year is one of the busiest that GLP has had in its history. Over the course of this year, GLP will be on site developing over 3 million sq. ft. of warehouse space across the UK. This landmark letting of all three buildings at G-Park Bedford Wixams, ahead of practical completion, speaks to the continued strength of the logistics real estate market and the quality of the space that GLP produces. Our focus remains to deliver on our ambitious development programme to continue to support customers like MH star. We look forward to working with them as they occupy these three exceptional-quality buildings.” Arvind Panchmatia, General Manager, MH Star added: “As more consumers adapt their spending habits and shift to e-commerce, it has been increasingly important for us to source high-quality warehousing solutions so that we can effectively respond to ever-increasing demand. G-Park Wixams delivered on every aspect, from modern, flexible office spaces to renewable energy provisions and welfare facilities for employees. “It has been a pleasure working with GLP, and we are delighted to be leasing all the units at the scheme. This new site will put us in a strong position to drive forward MH Star UK’s expansion as the business continues to grow and evolve.” Knight Frank acted for MH Star whilst Cushman & Wakefield, Savills, Brown & Lee acted for GLP.
GLP, a leading investor and developer of logistics warehouses and distribution parks has today announced that it is to develop a 136,000 SQ FT manufacturing facility and distribution centre for leading UK composite door manufacturer Solidor on the final plot at its G-Park Stoke development in Stoke-on-Trent. Solidor, part of the Masonite group, have signed have signed a 15-year lease on the development which is expected to be available for occupation by the start of Q4 2021. The development is expected to create additional jobs from within the local community. Built to Solidor’s detailed specifications, the new factory will combine Solidor’s current production and storage facilities into a single world-class manufacturing hub plant. It features a best-in-class specification that includes 15 metres clear internal height, four dock doors and six level access doors. Adrienne Howells, Development Director, GLP, said: “We are very happy to welcome Solidor into our expanding customer community and onto the final plot at our successful G-Park Stoke development. Solidor is a leader in the UK composite door market and a company with firm roots in Stoke so we are pleased to be working in close partnership and to support the growth needs of such a successful homegrown brand. “Together, we are targeting Planet Mark certification for the new site, a mark of integrity when it comes to sustainability. The ambition is for the building to achieve up to 15% lower carbon emissions compared with the average UK factory.” Neil Bancroft, operations director and site lead, Solidor, said: “This move will allow us to scale up our production and improve lead-times for our customers. By combining five facilities under one roof we will be able to remove legacy parts of production that don’t add value and bring in new automated processes that are simply not achievable at our current locations. “It has given the operations team the opportunity to create a world class facility that will work both now and as we continue to grow in the future.” “The existing workforce was a key consideration when choosing the new facility. The success of the business has been built on the loyal and flexible team we have in place, and over the coming months everyone will play a key part in the transfer and design of our new production operation,” explained Neil. “Over 85% of our staff live within the local community and it was critical that the location of our new home reflected the importance of this to us as a business. It is also expected that a number of new roles will be created both in the short and long-term future.” Jason Hughes, Masonite’s UK facilities manager, added: “As a manufacturer, we know we can have a huge impact when it comes to sustainability. This project represents an important step as we make our UK production processes and buildings more efficient.” The company will use the final few months of 2021 to install new equipment and improve IT processes before commencing a phased transfer of all its employees in January 2022. Also commenting, Cllr Abi Brown, leader of Stoke-on-Trent City Council said: “This is fantastic news – our small but mighty city continues to go from strength-to-strength and to bounce back more swiftly than other major cities. It’s fantastic to see Stoke-on-Trent businesses such as Solidor growing and expanding here. It’s in part because of businesses like Solidor that we’re number three for jobs growth in Britain right now.” “Stoke-on-Trent is well and truly powering up, and I’m looking forward to the months and years ahead as we lift the city out of lockdown, focusing on transport, economic development, education and skills, and health and productivity.” G-Park Stoke is situated within an established and successful commercial area. It is home to the regional distribution operations of leading online electrical retailer AO and situated 7 miles to the west of junction 15 of the M6.
The upsize will fund strategic expansion and transform the fund into a diversified Pan-European vehicle GLP announced today a strategic expansion in size and scope of GLP Continental Europe Development Partners I (“GLP CDP I”). GLP and its partners Canada Pension Plan Investment Board (“CPP Investments”) through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and QuadReal Property Group (“QuadReal”) have agreed to expand the investment capacity of GLP CDP I, targeting €4 billion of assets under management (“AUM”) (~US$4.9 billion) upon stabilization. Through this expansion, CPP Investments has committed €900 million of equity, representing a 45% share and QuadReal has committed €800 million of equity, representing a 40% share, with the remaining 15% held by GLP. Ralf Wessel, Managing Director, Fund Management, GLP, said, “This upsize is testament to how well GLP CDP I has performed since its inception. Our investment pipeline is considerably ahead of schedule and we are seeing strong demand for our developments, reflecting attractive fundamentals for logistics development across all major hubs in Europe. We look forward to continuing our partnership with CPP Investments and QuadReal to expand GLP CDP I into a truly Pan-European development vehicle.” GLP CDP I was established in 2018 to develop modern logistics assets in Continental Europe including Germany, France, Italy, Spain and the Netherlands. The upsize will be used to transform GLP CDP I into a Pan-European development vehicle by strategically expanding in the United Kingdom (“UK”) and Central and Eastern Europe (“CEE”) markets via the acquisition of landbank and select high-quality logistics development opportunities. Andrea Orlandi, Managing Director, Head of Real Estate Investments – Europe, CPP Investments, said, “GLP CDP I is a key part of our development-led growth strategy in the logistics sector globally. Given the success of the venture to date, we are pleased to be continuing and expanding our partnership with GLP and QuadReal. We have a strong conviction in the logistics and warehousing sector and the ability of GLP to execute on our strategy, enabling us to deliver long-term sustainable returns for our contributors and beneficiaries in Canada.” Jay Kwan, Managing Director, Head of Europe, QuadReal, said, “Expanding our venture with GLP and CPP Investments was a natural evolution of our partnership given its success to date, continued favourable market conditions and strong relationships created with tenants. We’re pleased to be investing alongside two partners with whom we have a lockstep relationship.” Since entering the European market in 2017, GLP has more than tripled its AUM. Following the upsize of GLP CDP I, GLP now manages more than €12 billion (~US$13 billion) of AUM across Europe’s strongest logistics markets.
GLP, a leading investor and developer of logistics buildings and warehouses, has announced that it has secured planning permission for the development of up to 736,000 SQ FT of warehouse space at G-Park Ashby. The planning consent allows for the development of either one or two units depending on customer requirements. The 66-acre development site at G-Park Ashby is centrally located in North West Leicestershire at the heart of the Golden Triangle for logistics. The site was formerly occupied by ‘The Lounge Coal Preparation and Disposal Point’ and will now be re-developed to provide Grade A modern logistics space in a prime location. The park benefits from excellent access being directly adjacent to the A42 and A511 with links to the M42 to the South, and M1 and East Midlands Airport 10 miles to the North East. The new unit(s) will be built to GLP’s enhanced specification including an 18 M clear internal height. In line with GLP’s sustainability commitment, the development will be built to BREEAM UK Excellent level standards and will include a range of innovative environmental features, such as rainwater harvesting and an online energy dashboard to help customers proactively manage their energy consumption. Gwyn Stubbings, Planning Director, GLP, said: “The proposals to redevelop a brownfield site will deliver significant economic benefits to the area including improved local infrastructure and creating almost 1,000 new jobs, at a time when the need for logistics has never been greater. The logistics industry will continue to play a vital and important role in supporting the economic recovery in the UK and this development will respond to the significant outstanding demand for modern and sustainable warehouse space.” Planning and development consultancy Turley provided planning, strategic communications, EIA, and sustainability services for the scheme.
The logistics and supply chain sector is set to benefit from a dedicated new training and research facility that has been developed through a partnership between industry and education based at the heart of the ‘Golden Triangle’ at GLP’s Magna Park development in Lutterworth. The Centre for Logistics Education and Research (CLEAR) will help the sector to address key challenges as the UK moves towards economic recovery and renewed growth following the coronavirus pandemic. North Warwickshire and South Leicestershire College (NWSLC) is working in collaboration with Aston University, Wincanton, supply chain partner, and leading investor and developer of logistics warehouses and distribution parks, GLP to provide skills training and professional development at all levels across the spectrum of logistics and supply chain roles, to enable the sector to become increasingly agile, flexible and resilient. CLEAR is due to launch in the summer of 2021 and will initially be based Bittesby House within the Magna Park Northern extension within the broader Magna Park Lutterworth development, eventually moving to a bespoke, state of the art facility. The ambitions of the centre were revealed to industry at a webinar last month with speakers hosted by Richard Atkinson CBE, Teaching Fellow, Leadership, Strategy, Engagement at Aston University and including NWSLC’s Principal and Chief Executive, Marion Plant, OBE FCGI, Professor Edward Sweeney from Aston University, and Dean Clamp, who is Group HSEQ Director for Wincanton and a board member of the Chartered Institute for Logistics and Transport (CILT). Outlining the challenges currently faced by the sector, Professor Edward Sweeney commented on the central role of skills development within logistics and supply chain in helping the UK to retain its leading role in the sector. He said, “Operating within a highly competitive environment with the challenges of harnessing new technology and ‘big data’ across businesses of all sizes in a changing political and environmental context requires a highly skilled and professional workforce. The aim is that working closely with industry, CLEAR will be ideally positioned to address its needs and provide skills training and development opportunities that are tailor-made for the sector.” Marion Plant said, “Our ambitions for CLEAR are based on offering a holistic one-stop-shop training service both from its base at Magna Park and also remotely online, enabling a flexible skills pathway tailored to meet the needs of specific businesses and providing individuals with well-defined opportunities to progress their careers. “Businesses can train one or many members of their team with flexible start dates and bespoke provision and students will be able to move seamlessly between training partners as their development needs progress and skills gaps are identified, improving retention, and driving down costs. “CLEAR can get training programmes up and running very quickly as it already has systems in place to fulfil training design briefs at all levels. Commissioning training through CLEAR will bring shorter lead times between the identification of training needs and students starting their courses or programmes. Businesses can also benefit from advice on funding for apprenticeships, whether organisations pay the Apprenticeship Levy or not, and can find out how levy-payers can share funds to support training across their supply chain.” Dean Clamp, Group HSEQ Director at Wincanton said, “Over the last twelve months we have seen how much the UK relies on the ability of its logistics and supply chain operators to keep the shelves stocked in the essential retail outlets that have remained open during lockdown. As clients demand increased efficiencies, higher safety standards and greater sustainability, we need to act smarter as a sector and make sure that we are attracting, developing and retaining the highly skilled individuals on which our business relies.” Also commenting GLP Planning Director Gwyn Stubbings said, “As the UK and Europe’s largest and most successful dedicated logistics park, it is fantastic to be able deliver CLEAR within that environment. This is a truly pioneering and exciting initiative that is focused on logistics led research, innovation, education, and training at the heart of Magna Park. “Situated as part of the Magna Park Northern expansion, CLEAR provides students and businesses with the opportunity to immerse themselves in Magna Park as the ‘classroom’ and be an integral part of the ongoing growth and evolution of Magna Park into the UK’s top logistics cluster.” Magna Park Lutterworth, the UK and Europe’s premier logistics hub, developed by GLP over the past 30 years is currently home to over 27 blue chip businesses within 33 buildings. The Park extends to over 10 million square feet of floor space and will expand to 16 million square feet over 1,350 acres via the Northern and Southern expansion project. It is centrally located within the so-called “logistics golden triangle’ between the M1, M6 and M69 motorways. The first phase of provision, commencing when CLEAR opens its doors this summer, will provide the platform for a future national centre of excellence with a campus that will accommodate, when fully operational, up to 1,000 students as well as providing applied research and associated facilities. Businesses that are interested in finding out more about should get in touch via CLEAR@nwslc.ac.uk.
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of seven logistics real estate assets in Italy. The 200,000 SQ M portfolio acquisition represents one of the largest logistics transactions in Italy this year and was made on behalf of GLP’s pan-European logistics fund Europe Income Partners II (GLP EIP II). Daan van den Hoven, Head of Fund Management & Capital Deployment, Europe, said: “This latest acquisition gives us immediate scale in the Italian logistics market and is in line with our commitment to expand our footprint and deepen our presence in all of the 12 markets in which we operate through strategic acquisitions and developments. Since entering the European market in 2017, GLP has more than tripled its assets under management, and we intend to double this again over the next two years.” Roberto Piterà, Country Director of GLP Italy, said: “GLP’s first acquisition in the Italian market has been a great success and was completed in record time. This is in line with our strategy to acquire and develop well-connected, quality properties located in the main logistics hubs of the country as we grow our offering across both Italy and Europe as a whole. “The recent growth of ecommerce, driven by the pandemic, has significantly increased the importance of logistics in supply chains for businesses of all shapes and sizes. This was a driving factor in our decision to expand our portfolio using our sector-specialism to further support our customers.” The assets acquired in Italy are all grade A rated and are located in the two main logistics hubs in the country namely Milan (five assets, occupying approximately 60% of the total SQ FT) and Rome (two assets, 40% of the total SQ FT). The seven buildings all benefit from excellent connectivity being located close to the main motorway network and are occupied by leading operators in the supply chain, transport, cosmetics and hospital equipment sectors, with customers including XPO and Kuehne Nagel. The portfolio was sold by two funds advised/managed by Tristan Capital Partners and BNP Paribas REIM SGR. In Europe, GLP is one of the longest-standing fully-integrated logistics investors, developers and operators and manages approximately €10 billion (~US$12 billion) of assets under management (AUM) across Europe’s strongest logistics markets. Established in October 2020, GLP EIP II is the company’s fourth Europe-focused investment vehicle and has raised total equity commitments of approximately €1.6 billion (~US$2 billion), enabling the fund to reach €3.2 billion (~US$3.9 billion) of AUM once fully deployed. GLP was supported in this acquisition by CBRE, Dentons and Arcadis, respectively for the commercial, legal and technical aspects.
GLP, a leading investor and developer of logistics warehouses and distribution parks, today announces the acquisition of an 8-acre site in Crawley and plans to develop 159,000 SQ FT of mid-box warehouse space. The mid-box development will support GLP’s customers’ increasing requirements for last-mile logistics solutions, particularly in the South East. The growth of the mid-box market in the UK reflects the increasing need for smaller warehousing with proximity to key urban centres. The development will span three units comprising 87,000 SQ FT, 46,000 SQ FT and 26,000 SQ FT. GLP will commence development of all three units in November 2021, once planning permission is received, with construction expected to complete in July 2022. The site is located on Manor Royal, the premier industrial and business district in the South East. It is strategically located 1.5 miles from Junction 10 of the M23 motorway, 2 miles from London Gatwick Airport, and 10 miles from the M25 motorway. The sites proximity to London and position in the South-East makes it ideal for a range of logistics uses, including last-mile logistics. Adrienne Howells, Development Director, GLP, said: “The growth of ecommerce has fundamentally altered and expanded our customers’ distribution requirements. This acquisition and development will allow us to offer a different type of space to both existing and potential customers. We will continue to selectively target acquisitions of prime mid-box opportunities to meet this growing demand in addition to our extensive development pipeline of over 1 million sq ft of space currently underway in the UK.”
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it is starting construction on 1 million SQ FT of warehouse space across seven units and four sites in Bedfordshire, Northamptonshire and Milton Keynes, following the grant of planning permission. It is the largest programme of speculative logistics real estate development currently underway in the UK. The development programme has been launched to satisfy the significant demand in an increasingly supply-constrained logistics real estate market in the UK. It follows GLP’s completion of 1.25 million SQ FT of speculative development at Magna Park South, Lutterworth in December 2020. Demand for larger warehouses has significantly expanded in recent years, particularly among e-commerce occupiers in need of more storage space. According to Savills, online sales in December 2020 were 51% higher year-on-year, with this growth trajectory expected to continue. As a result, warehouse take-up was 50.1 million SQ FT in 2020 – by far the strongest year on record. As part of the programme, GLP is developing the following units: Three distribution units of 126,000 SQ FT, 161,000 SQ FT and 249,000 SQ FT at G-Park Bedford Wixams A 133,000 SQ FT unit at G-Park Northampton, within the Moulton Park Estate Two units comprising 117,000 and 140,000 SQ FT at its new G-Park Milton Keynes development A 88,000 SQ FT unit, Magnitude 88, at GLP’s flagship logistics park Magna Park Milton Keynes The developments are expected to be available for occupancy in Summer 2021, while Magnitude 88 will be available at the end of Q1 2021. As part GLP’s ongoing commitment to sustainability, the sites will all benefit from a range of leading sustainability features including rainwater harvesting, energy monitoring, LED lighting technology and reduced embodied carbon in the construction process. Bruce Topley, Managing Director, GLP UK, said: “The growth of ecommerce in the UK has been accelerated by the Covid-19 pandemic given the increased importance of home deliveries. As a result, we have seen a surge in demand for logistics real estate in the right locations. Customers are also seeking to reinforce their supply chains and increasingly require higher specification buildings and cutting-edge sustainability credentials. In response to this, we are excited to be bringing 1 million SQ FT of high-quality logistics space to the market which reaffirms our confidence in the continued strength of the UK and follows the completion of over 1.5 million SQ FT of speculative development last year. “All developments are in carefully selected locations with excellent transport links to key areas of the UK. Each unit will be developed with flexibility at the forefront of both the design and construction processes, enabling customers to tailor the space to individual requirements. We look forward to discussions with new and existing customers, working alongside them to meet their specific operational requirements and helping them grow their business.”
GLP, a leading investor and developer of logistics warehouses and distribution parks, announced today that it has completed the development of over 1.25 million SQ FT of modern logistics space at Magna Park South, Lutterworth. The new development includes three units of 746,000 SQ FT, 126,000 SQ FT and 300,000 SQ FT which are all available for immediate occupancy. Unit 4 which comprises a 99,000 SQ FT has been leased prior to completion on a ten-year term and will be operational for the customer in January 2021. In line with GLP’s sustainability ambitions, the development includes a range of features such as environmental analytics, resulting in 15% less operational carbon emissions and 12% less embodied carbon. The unit is also 100% PV-ready and designed to WELLprinciples. Magna Park Lutterworth is the UK’s first and Europe’s largest dedicated logistics and distribution park. The development of this unit was part of its ongoing expansion from 9 million SQ FT of floor space to nearly 16 million SQ FT in the coming years. GLP is also developing a series of new amenities, including wellness and recreation facilities as well as the new Logistics Institute of Technology (LIT). Magna Park Lutterworth benefits from excellent transport links to the rest of the UK, with 59.3 million people, or 85% of the UK population, within a four-hour drive of the development as a result of its easy access to the M1, M6 and M69 motorways. Olivia Hinds, Development Surveyor, GLP, said: “The recent expansion of Magna Park South and leasing of the first unit solidifies its position as the leading dedicated logistics and distribution park in Europe. We are pleased to have leased Unit 4 prior to its completion date and look forward to working with the new customer as it becomes operational at the unit next year. “We now have a total of 1.17 million SQ FT of logistics space available to lease at Magna Park South, Lutterworth, spread over 3 units. We are confident that this will be in high demand as ecommerce growth in our sector continues to fuel interest for warehouse space across the UK in a supply constrained market.”
