Monday, April 29, 2024

Fresh phase of development completes at major logistics and distribution park

Magna Park South in Lutterworth has reached completion, ending a five-year period of activity, which has seen GLP speculatively develop 2.9m sq ft across eleven buildings over three phases.

The first phase units (MPS 1, 2, 3 & 4) were successfully leased to Amazon, Whistl, Movianto and JD.com. GLP then developed MPS 5, 6, 7 & 8, providing a further 1m sq ft.

The fresh completion of units MPS 9, MPS 10 and MPS 11 which are 388,000, 136,000, and 119,000 sq ft respectively, bring to the market a combined footprint of almost 645,000 sq ft of Grade A, sustainable logistics buildings.

Throughout the development of Magna Park Lutterworth, GLP has sought to achieve high environmental standards. MPS 10 and MPS 11 have already achieved BREEAM Excellent ratings. MPS 9 meanwhile is striving for an Outstanding rating.

Bruce Topley, Managing Director at GLP, said: “The completion of Magna Park South is a major milestone for us. The park contains some of the most environmentally responsible warehouses in the country, affirming our commitment to maintaining the highest sustainability credentials.

“The combination of state-of-the-art facilities, a prime location, and an enviable list of existing and prospective tenants positions Magna Park South for continued long-term success.”

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