AXA IM has acquired a 32-acre logistics site near Dunstable. The space has existing planning consent for the development of up to 620,000 sq ft of Grade A logistics space across two buildings.
The first unit, totalling 263,000 sq ft, will be developed without any pre-let – construction is to begin in the second quarter of 2018. Practical completion is expected by the end of the year.
The specification of the building includes 15m clear internal warehouse height and a 53m deep service yard. BREEAM “Excellent”, EPC “A” and WELL certifications are expected to be achieved.