Global developer and investor Trammell Crow Company has secured planning permission to redevelop the former Arcadia warehouse in Milton Keynes.
The scheme totalling 19.4 acres will consist of three Grade A speculative logistics buildings totalling approximately 340,000ft2.
Now approved, the scheme will regenerate a vacant brownfield site and TCC has signed a Section 106 agreement that will contribute over £500,000 to biodiversity and carbon offsetting, while 0.5% of the scheme’s GDV will go towards public art.
The three buildings will offer 221,000 ft2, 71,000ft2 and 46,000ft2 of space, with building clear heights from 12-15 m. With the growing likelihood of electric vehicles (cars and lorries) and increased levels of automation and overall power demand, the proposed buildings provide increased load capacity on the roof to accommodate photovoltaic arrays and additional natural daylighting. They also house transformers and primary electrical frameworks sized for increased electrical demand and reserves of power; have infrastructure suitable for electric vehicle charging; provide increased capacity of floor slabs for floor-standing mezzanines and pick-towers; and have the flexibility to accommodate various office configurations.
Construction is due to start in May 2022 with an expected completion date of spring 2023. TCC is already on site as demolition consent was granted in December 2021. CBRE acted as the planning consultant on the project and Chetwoods as the architects.
Mike Forster, Head of UK Logistics at Trammell Crow Company, said: “With record low vacancy rates at a regional and national level, we’re excited about the prospects for this exceptional site.”