Planning Submitted for Prime East Midlands Warehouse
17th October 2024
Indurent, a leading developer and operator of industrial and logistics space of all sizes across the UK, and PLP, the specialist industrial and logistics developer, have submitted a detailed planning application to North West Leicestershire District Council for the development of a Grade A c.644,000 sq ft logistics facility.
This prime East Midlands site spans 38 acres and is located immediately adjacent to Junction 24A of the M1 motorway providing direct access to 85% of the UK population within a 4-hour drive time, with Nottingham, Derby and Leicester conurbations nearby. Proximity to the East Midlands Gateway rail freight terminal and the East Midlands airport provide multi-modal logistics connectivity opportunities to the site.
The proposed development, designed by Michael Sparks Associates, will be delivered speculatively and is targeted for completion in Q1 2026. The building has been carefully designed to meet the flexible needs of large-scale logistics and industrial occupiers, who face a national shortage of well-connected buildings in the 600,000 sq ft size range.
Jake Shilston, Development Director, Indurent said “Our proposal for this site will provide businesses with a state-of-the-art logistics facility in a prime location in the Golden Triangle, with easy access to customers across the UK and Europe. We are confident this development will boost economic growth by creating employment opportunities for local residents and businesses in North West Leicestershire and the East Midlands.”
Neil Dickinson, Chief Investment Officer, at PLP said: “PLP looks forward to working closely with Indurent to deliver an extremely rare opportunity within the UK market. This speculative development will be delivered to a high specification in a prime location, and I have no doubt that we will secure a blue-chip occupier for this facility.”
The cross-docked unit will be built to a market-leading specification and associated sustainability credentials. The development will provide up to 5.4 MVA of power and will offer a unique opportunity for occupiers seeking best-in-class logistics and industrial space in the heart of the Midlands. Indurent and PLP are represented by Cushman & Wakefield and Savills.
Indurent launched in July 2024 following the integration of Industrials REIT and St. Modwen Logistics, two of the UK industrial and logistics sector’s leading developers and operators. Indurent owns and operates 28 million sq ft of industrial and logistics space across the UK, ranging from multi-let industrial space through to big-box warehousing, and supports more than 2,000 businesses across all industry sectors.
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