PLP has let a 147,015 sq ft unit at PLP MK in Milton Keynes to keg logistics business Kegstar.
The company has signed for unit MK 147 – one of 10 net zero carbon in construction units delivered in phase one at PLP MK, which totals 1.06m sq ft.
PLP MK was acquired in 2021 by PLP’s flagship investment vehicle, the PLP UK Logistics Venture (UKLV 1), which is owned by majority investor Ivanhoé Cambridge alongside Peel Group, Macquarie Asset Management (MAM) and PLP senior management.
Edward Jackson, development director at PLP, said: “Welcoming Kegstar to PLP MK is an important step in the evolution of the business park as it represents the start of a new community and a new economic ecosystem within Milton Keynes. We look forward to being a part of Kegstar’s growth plans and to welcoming more customers to PLP MK very soon.”
Bryan Place, president of Kegstar, added: “Brewers are blown away when they tour our operations in the US as these facilities are the most advanced in the world. Our new facility is just the latest step in our expansion across the UK and Europe.”
PLP was advised by Savills and DTRE advised Kegstar.
