GLP has completed the development of over 1.25 million sq ft of logistics space at Magna Park South, Lutterworth.
The new development includes three units of 746,000 sq ft, 126,000 sq ft and 300,000 sq ft, which are all available for immediate occupancy, while Unit 4 comprises of 99,000 sq ft and has been leased prior to completion on a ten-year term and will be operational for the customer in January 2021.
Olivia Hinds, Development Surveyor, GLP, said: “The recent expansion of Magna Park South and leasing of the first unit solidifies its position as the leading dedicated logistics and distribution park in Europe. We are pleased to have leased Unit 4 prior to its completion date and look forward to working with the new customer as it becomes operational at the unit next year.
“We now have a total of 1.17 million sq ft of logistics space available to lease at Magna Park South, Lutterworth, spread over 3 units. We are confident that this will be in high demand as e-commerce growth in our sector continues to fuel interest for warehouse space across the UK in a supply constrained market.”