Developer Prologis is top speculatively build 535,000 sq ft of warehouse space in two separate buildings.
The first new facility to start on site will be a 310,000 sq ft distribution centre at phase two of Prologis Park Dunstable, which is close to Junction 11 of the M1. Earlier this year, Prologis gained detailed planning permission for two facilities on its 32 acre Boscombe Road site. Enabling works will begin in September.
In early October, Prologis will start construction work on a 225,000 square foot distribution centre at Prologis Park Ryton in the West Midlands. With easy access to the M1, M6, M69 and M40, Prologis’ 98 acre Ryton site has planning permission for a total of 1.68 million square feet of distribution space.
The two buildings have been designed to achieve BREEAM 2011 ‘very good’ accreditation and the best possible EPC rating for their size, making them both energy-efficient and cost-effective to operate.
“We believe this is the right time for us to start a measured programme of speculative development, said Andrew Griffiths, managing director, Prologis UK.
“Our aim is to provide the best occupational offer for customers in our market and speculative development in key locations is the next step in our strategy.
“Last year, we extended our Ryton and Dunstable sites in the first land acquisitions we have made since the economic downturn. We also took the decision to invest in securing detailed planning permissions to allow rapid project starts. The Class-A speculative development projects in these prime locations will further extend our customer offer.”