PLP has secured brewing logistics operator Kegstar as a tenant for 147,015 sq ft at its Milton Keynes business park.
PLP said the facility will play a vital role in Kegstar’s plans to serve more customers in the UK and Europe with an innovative shared keg model. It operates a circular keg supply chain.
The premises was carbon net zero in construction and has been “future proofed” for net zero operations.
MK 147 is one of 10 facilities delivered in Phase 1 at PLP MK, which totals nearly 1.1m sq ft.
PLP MK was acquired in 2021 by its flagship investment vehicle, the PLP UK Logistics Venture, which is owned by majority investor Ivanhoé Cambridge alongside the Peel Group, Macquarie Asset Management and PLP senior management.
Edward Jackson, development director at PLP, said: “Welcoming Kegstar to PLP MK is an important step in the evolution of the business park as it represents the start of a new community and a new economic ecosystem within Milton Keynes. We look forward to being a part of Kegstar’s growth plans and to welcoming more customers to PLP MK very soon.”
Bryan Place, president of Kegstar, said: “Brewers are blown away when they tour our operations in the US as these facilities are the most advanced in the world. Our new facility is just the latest step in our expansion across the UK and Europe.”
Savills acted for PLP while DTRE advised Kegstar.
Image © PLP
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