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Amazon poised to open at Gazeley’s 574,000 sq ft Altitude

13. August 2019 10:53

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Amazon is poised to open its latest site at Gazeley’s 574,000 sq ft Altitude mega-shed in Milton Keynes – the largest and tallest speculative logistics warehouse in the UK.

Amazon has been linked with warehouse since the end of last year but as yet there has been no official announcement. Signage outside the development in Milton Keynes suggests that the internet retail giant is due to take occupation soon.

Jobs listings on the internet state opportunities at a “brand new Amazon site” based in “Milton Keynes, MK17 8EW” – which just happens to be the postcode for Gazeley’s Altitude building.

With no official announcement there is no official knowledge regarding terms of the deal but it is thought that the deal was struck in March this year on a 20-year term with standard incentives for fit-out etc. The rent achieved is thought to be around £6.75 – £7 per sq ft.

The 21m high building, on a 26.26 acre plot, has 532,560 sq ft of warehousing space, 26,802 sq ft of offices, as well as two office pods to the north and south of the building each totalling 7,233 sq ft. In addition it has 100 HGV and 381 car parking spaces as well as a 21m haunch height, 117 dock and eight level access doors.

The building has an innovative design for maximum operational flexibility and efficiency. This includes: enhanced mezzanine capacity and an increased number of pallet positions; double deck loading doors in every position, at a ratio of one door per 4,500 sq ft; an increased incoming power load provision of up to 4 MVA.

Development director Joe Garwood said: “Altitude brings together a combination of innovation, technology, efficiency, sustainability and intelligent logistical thinking from some of the most experienced figures in the business to create a building that sets a new benchmark for the industry.”

The warehouse also includes a host of state of the art sustainability features such as LED lighting, solar thermal heating, rainwater harvesting, power charging stations for electric vehicles and strengthened steel to incorporate Solar PV across the whole roof which allows a customer to save up to 1,300,000 kg of CO2 per annum.

IT is also designed to the WELL Ready Standard certification, making the building a healthier and more productive space for its occupants.

Joint letting agents on the scheme Savills and JLL.

Industrial developer and asset manager Chancerygate has appointed construction contractor MCS Group to deliver a multi-million-pound speculative development of 10 warehouse units and trade counters in Buckinghamshire.

Demolition of existing buildings on the brownfield site in High Wycombe has been completed and construction has recently begun.

Called 40:40 Link, the development comprises three steel framed buildings which will be sub-divided to create 10 units totalling around 91,200 sq ft and ranging in size from 4,112 sq ft to 30,193 sq ft. The project is expected to reach practical completion in early 2020.

Matthew Storr, project manager at Chancerygate, said: “We have already received significant interest in and around High Wycombe and now construction has begun we look forward to further enquiries. We often secure pre-lets and sales on developments such as 40:40 Link, because we offer occupiers high-quality accommodation in a excellent and underserved locations.”

The scheme will ensure a decrease in CO2 emissions over 2010 Buildings Regulations. The green initiatives include electric car charging points, low air permeability design, 15 per cent warehouse roof lights which increases natural lighting, high performance insulated cladding and roof materials, secure cycle parking and photovoltaic cells.

Letting agents are Chandler Garvy and JLL.

Source: logisticsmanager.com

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