GLP is set to speculatively develop 1.4m sq ft across four units at Magna Park Lutterworth.
Three of the units – MPS Unit 9 (388,000 sq ft), MPS Unit 10 (119,000 sq ft) and MPS Unit 11 (136,000 sq ft) – will be built in Magna Park South and one unit – MPN 5, measuring 761,000 sq ft – will be delivered in Magna Park North.
GLP has received detailed planning permission for the new warehouses, which are due for practical completion by the end of spring 2024. MPN 5 will be a BREEAM Outstanding building and the other three units will be BREEAM Excellent – all of the units will be net zero in construction.
Joe Garwood, senior development director at GLP, said: “We are extremely pleased to announce such a significant level of speculative build across our flagship UK logistics park. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular.
“We have seen huge success with our speculative development programme at Lutterworth to date, attracting a wide range of top-tier customers, and we’re confident that we will see strong demand for this new space. Once finalised and occupied, the four units will generate hundreds of employment opportunities and contribute towards the economic growth and commercial upskilling of the Midlands region.”
