GLP to speculatively develop 1.4 million ft² space at Magna Park Lutterworth

Investor developer GLP has announced that it will speculatively develop 1.4 million ft² of warehouse space across four units at its Magna Park Lutterworth (MPL) scheme in the East Midlands.

GLP has received detailed planning permission for four new warehouses, three in Magna Park South – MPS Unit 9 (388,000ft²), MPS Unit 10 (119,000 ft²), and MPS Unit 11 (136,000ft²) – and one building in Magna Park North – MPN 5, measuring 761,000ft². All units are due for practical completion by the end of Spring 2024.

MPN 5 will be a BREEAM Outstanding building with all three other developments planned to achieve BREEAM Excellent. Each unit will be net-zero in construction and independently certified by the Planet Mark.

GLP will also be supporting customers to reduce energy and operational costs, by providing a complimentary Planet Mark programme to help monitor, track, and reduce their respective carbon footprint.

The buildings will be designed to WELL principles with the occupiers in mind, with GLP aiming to provide a more productive and pleasant working environment for employees.

In addition, GLP are currently building a 200-acre Country Park enhancing the park’s facilities and providing recreation areas for both customers and the wider community.

Magna Park Lutterworth now has only one building available to lease – MPS 5 (187,253ft²) – with a further two build-to-suit plots available for development – MPN 7 (411,000ft²) and MPN 6 (840,000ft²).

Joint agents for the park are DTRE and Cushman & Wakefield.

Source: logisticsmanager.com