Tuesday, October 15, 2024

Planning submitted for 644,000 sq ft prime East Midlands logistics scheme

Indurent, a developer and operator of industrial and logistics space, and PLP, the specialist industrial and logistics developer, have submitted a detailed planning application to North West Leicestershire District Council for the development of a Grade A 644,000 sq ft logistics facility.

This prime East Midlands site spans 38 acres and is located immediately adjacent to Junction 24A of the M1 motorway providing direct access to 85% of the UK population within a 4-hour drive time, with Nottingham, Derby and Leicester conurbations nearby.

Proximity to the East Midlands Gateway rail freight terminal and the East Midlands airport provide multi-modal logistics connectivity opportunities to the site.

The proposed development, designed by Michael Sparks Associates, will be delivered speculatively and is targeted for completion in Q1 2026. The building has been carefully designed to meet the flexible needs of large-scale logistics and industrial occupiers, who face a national shortage of well-connected buildings in the 600,000 sq ft size range.

Jake Shilston, Development Director, Indurent, said: “Our proposal for this site will provide businesses with a state-of-the-art logistics facility in a prime location in the Golden Triangle, with easy access to customers across the UK and Europe.

“We are confident this development will boost economic growth by creating employment opportunities for local residents and businesses in North West Leicestershire and the East Midlands.”

Neil Dickinson, Chief Investment Officer at PLP, said: “PLP looks forward to working closely with Indurent to deliver an extremely rare opportunity within the UK market. This speculative development will be delivered to a high specification in a prime location, and I have no doubt that we will secure a blue-chip occupier for this facility.”

Indurent and PLP are represented by Cushman & Wakefield and Savills.

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