Gazeley to expand Magna Park to 16 million sq ft

Gazeley is to expand the amount of available space at Magna Park Lutterworth from 9 million sq ft to 16 million sq ft.

Development has already begun on three spec sheds totalling 525,400 sq ft, comprising of a 300,300 sq ft unit; 126 300 sq ft unit and 98.800 sq ft unit.

It is also preparing to construct a further unit of 746,500 sq ft, subject to planning permission.

A further extension to the Northern side of the park is also being developed on 225 acres of land, which will offer build-to-suit development options in a range of sizes with units from 100,000 sq ft up to 1 million sq ft in a single unit, and overall up to 3.3 million sq ft across the Northern side of the park.

In September Gazeley acquired a 220-acre plot of land to the south of Magna Park Lutterworth from Tritax Symmetry.

Both extensions at Magna Park will come equipped with online energy dashboards to help customers monitor energy usage, as well as rainwater harvesting and technology to optimise the use of natural light.

Bruce Topley, senior director at Gazeley, said: “In light of the continued high demand for logistics space, particularly in this area, we are confident that these buildings will be a welcome addition to the market.

“Situated right in the heart of the “UK’s Logistics Golden Triangle”, the development is ideally suited to serve the fast-expanding supply chain operations of our customers.”