Gazeley has acquired a 21-acre site at Magna Park, Milton Keynes with the intention to develop a new 312,700ft² unit called Magnitude 312. The new high-specification distribution and logistics space will include over 195 HGV parking spaces, 343 double dock levelers and 4 level access doors. The building has a 19m clear height allowing for four potential mezzanine levels.
The site is well-located within Gazeley’s Magna Park, Milton Keynes distribution and logistics park, which is already home to John Lewis, Waitrose, River Island, A.G. Barr and UK Mail. Located between J13 and J14 of the M1, the site is within a 4½ hour HGV drive of 45.8 million people in the UK, meaning it is perfectly situated for companies looking to deliver goods to the whole of the UK.
The development also offers unparalleled sustainability features and will be 50% solar PV ready, and will hold an ‘A’ EPC rating along with a BREAAM Excellent certificate. Other market-leading sustainability features include rainwater harvesting, energy dashboards and optimised use of natural light to reduce running costs. The purchase price was not disclosed.
Joe Garwood, Development Director, Gazeley, said: "Across the UK, we continue to see high demand for logistics space. However, customers are increasingly requiring higher specification buildings and leading sustainability credentials. With Magnitude 312, we have focused on delivering flexible space that allows our customers to tailor to requirements while ensuring that it has all the sustainability features that modern supply chains require.”