IDI Gazeley has started construction on a new 574,000 sq ft warehouse at its logistics hub, Magna Park, Milton Keynes, on what will be one of the largest speculative shed builds since the recession.
Completion is expected by the end of the year on the building, named Altitude, which will target distribution and e-commerce companies. It will include sustainability features including LED lighting, DESG partitions, solar thermal heating and rainwater harvesting.
Magna Park is located between J13 and J14 of the M1 and is home to national brands including John Lewis, Waitrose and River Island.
Alex Verbeek, senior vice president and managing director UK at IDI Gazeley, said: “This asset will undoubtedly attract strong interest from potential occupiers not only because of its great location and supply of labour but also because of its unrivalled sustainability credentials.”
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