Logistics property specialist GLP is set to speculatively develop 1.4 million ft2 (130,000 m2) across four units in Magna Park Lutterworth in the UK.
GLP has received detailed planning permission for four new warehouses, three in Magna Park South, and one building in Magna Park North. All units are due for practical completion by the end of Spring 2024.
One warehouse 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.
The buildings will be designed to Well principles with the occupiers in mind.
Joe Garwood, senior development director at GLP, said: ‘We are extremely pleased to announce such a significant level of speculative build across our flagship UK logistics park. This is a testament to our confidence in the resilience of the UK logistics market and the strategic importance of the Midlands in particular. We have seen huge success with our speculative development programme at Lutterworth to date, attracting a wide range of top-tier customers, and we’re confident that we will see strong demand for this new space.'
