Work has started on a £60 million, 715,000 sq ft, state-of-the-art logistics facility for Europa Worldwide Group in Midlands Logistics Park in Corby.
The scheme is due for completion in June 2020 and will double the size of Europa Warehouse’s logistics portfolio.
The facility is being constructed to a high-quality institutional specification, including above market standard 18 metre heights to facilitate three floors of mezzanines.
Europa Worldwide Group MD Andrew Baxter said: “This is the single biggest investment we have ever made since I acquired the business in 2013 and it demonstrates our ambition to strengthen our 3PL operation at a time of huge market growth particularly for e-commerce logistics”
The development has been agreed with Corby Land and Development Ltd, a joint venture between Mulberry Developments and Frogmore who will also develop out the facility. The main contractor is VolkerFitzpatrick. Europa is being supported by the team at Budworth Hardcastle (Property Consultants).
Europa opened a 290,000 sq ft site in Prologis Park, Dartford, Kent, in 2015.
By Christopher Walton