Nike has signed a 20-year lease agreement with GLP for its new state-of-the-art UK Logistics Campus and national supply chain hub at Magna Park Corby.
Spanning more than 1.3 million sq ft of logistics warehousing, offices, sport and recreation facilities in a single building, the campus will target a BREEAM ‘Outstanding’ rating and achieve Net Zero Carbon in Construction.
Legal & General will be the strategic partner in this project to deliver a best-in-class sustainable flagship campus. Legal & General previously acted as strategic partner for the delivery of Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.
Prioritising sport and wellbeing, the new facility in Corby will be designed with wellness in mind. This will be underpinned by a range of external features including running tracks, open-air gyms, multi-use game areas (MUGA) and recreation areas.
Magna Park Corby will benefit from an exercise route of 5.76 km, a 2.0 km nature trail, and 3.7 km of other footpaths. Sensitively designed and in keeping with the local area, the new campus will provide access to protected woodlands, with designated cycle and walking routes that will be fundamental to attracting and retaining talent.
Bruce Topley, UK Managing Director at GLP, said: “We are delighted to be welcoming Nike to Magna Park Corby. This new site will help boost skills and generate high-quality jobs.
“The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing. This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.”
Neil Dovey, Head of Annuity Transactions, Legal & General, said: “Nike’s UK Logistics Campus in Magna Park Corby is ideally aligned with Legal & General’s commitment to investing long-term capital into assets that are economically and socially beneficial.
“We are delighted to be working with GLP, a developer aligned with our principles, to deliver a first-class building, and are looking forward to partnering with Nike as a long-term property owner following completion.”
