Saturday, December 21, 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.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.









Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close