Distribution park specialist GLP has announced that work is starting on 1 million sq ft of warehousing on four sites in Bedfordshire, Northamptonshire and Milton Keynes.
The investor and developer has planning permission for seven units in what it called the biggest programme of speculative logistics real estate development currently underway in the 海角视频.
It follows the completion of 1.25 million sq ft of speculative development at Magna Park South, Lutterworth, by GLP last month.
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The business said demand for bigger warehouses had grown significantly in recent years, particularly among e-commerce occupiers in need of more storage space.
It said national warehouse take-up was 50.1 million sq ft in 2020 – the strongest year on record.
Under the investment GLP said it was developing the following units:
Three distribution units of 126,000 sq ft, 161,000 sq ft and 249,000 sq ft at G-Park Bedford Wixams
A 133,000 sq ft unit at G-Park Northampton, within the Moulton Park Estate
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Two units comprising 117,000 sq ft and 140,000 sq ft at its new G-Park Milton Keynes development
An 88,000 sq ft unit, Magnitude 88, at GLP’s flagship logistics park Magna Park Milton Keynes
The developments are expected to be available for occupancy this summer, while Magnitude 88 will be available in the spring.
The sites will all benefit from sustainability features including rainwater harvesting, energy monitoring, LED lighting technology and lower carbon emissions during construction.
GLP 海角视频 managing director Bruce Topley said: “The growth of e-commerce in the 海角视频 has been accelerated by the Covid-19 pandemic given the increased importance of home deliveries.
“As a result, we have seen a surge in demand for logistics real estate in the right locations.
“Customers are also seeking to reinforce their supply chains and increasingly require higher specification buildings and cutting-edge sustainability credentials.
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“In response to this, we are excited to be bringing 1 million sq ft of high-quality logistics space to the market which reaffirms our confidence in the continued strength of the 海角视频 and follows the completion of over 1.5 million sq ft of speculative development last year.
“All developments are in carefully selected locations with excellent transport links to key areas of the 海角视频.
“Each unit will be developed with flexibility at the forefront of both the design and construction processes, enabling customers to tailor the space to individual requirements.
“We look forward to discussions with new and existing customers, working alongside them to meet their specific operational requirements and helping them grow their business.”