Logicor announces plans to redevelop Midlands site
Owner, manager, and developer of logistics real estate Logicor has announced that it plans to redevelop one of its existing sites – a 38.5-acre plot of land in Daventry, Northamptonshire.
The site, acquired in November 2021, was bought from a joint venture company managed and co-owned by Oxenwood Real Estate.
The planned redevelopment will see three new warehouses built on the site, ranging from 135,000 to 385,000ft² in size. According to Logicor, the company has already secured detailed planning consent for the new warehouses, as well as wellbeing features including two gyms, showers, and cycle paths.
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It will be known as Logicor Park Daventry and will target BREEAM ‘Excellent’ certification and an EPC ‘A’ rating. To achieve this, Logicor will install solar photovoltaic (PV) panels, electric vehicle (EV) charging points, and LED lighting. There will also be infrastructure to support rainwater harvesting at the site.
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Charlie Howard, Logicor’s UK Managing Director, said: “The ability to develop modern warehouses in this key location was the main reason that we acquired it in 2021.
“The Golden Triangle continues to be the core location for distribution logistics and we know that our customers want to be located here, so we are delighted to be able to deliver modern and highly sustainable warehouses to the region.
“Logicor Park Daventry is a great illustration of how we [….] are able to utilise our existing land to bring forward new and exciting warehouse opportunities for our customers through development and refurbishments.”
Work on the redevelopment is expected to begin this year, with completion of the project scheduled for early 2025.
Source: logisticsmanager.com