IDI Gazeley is to develop two more speculative warehouses – a 297,320 sq ft unit at Daventry and a 185,742 sq ft unit at Milton Keynes.
The move follows the start on site of a 97,952 sq ft inventory warehouse development at G.Park Enfield development in North London. These new projects take IDI Gazeley’s UK inventory development to 581,014 sq ft.
Construction of both buildings has now started at the two sites and both are expected to be available for occupation by August this year.
The unit at Magna Park Milton Keynes will have 174,160 sq ft of warehouse space with 11,367 sq ft of two storey office accommodation. It will feature 12.5m clear internal height, 17 dock doors and four level access doors, 69 HGV parking spaces and 161 car parking spaces.
At G.Park Daventry the new unit will have 282,251 sq ft of warehouse space with 14,854 sq ft of two storey office accommodation. It will feature 12.5m clear internal height, 28 dock doors and three level access doors, 120 HGV parking spaces and 230 car parking spaces.
Nigel Godfrey IDI Gazeley executive director and UK country head said: “In the past 12 months, we have developed and leased in excess of two million sq ft of sustainable logistics space to customers across the UK and are confident that the
development of these buildings will yield much interest.”
And Pat McGillycuddy, IDI Gazeley Europe & China chief executive officer, said: “Across Europe, we are actively investing in bringing to market prime development sites situated in key strategic locations, to give our customers the space they need to expand and grow. Across our expanding portfolio in the UK, France, Germany, Spain and Italy we have a land bank capable of accommodating up to 17 million sq ft of sustainable, logistics space”