Steels Up at Logicor Flagship Development

Logicor, a leading owner, manager and developer of European logistics real estate, has announced that the redevelopment of its flagship UK scheme, Logicor Park Daventry, has reached a construction milestone with groundwork complete and steel frames erected.

Acquired in 2021, Logicor Park Daventry is being redeveloped to create three highly sustainable warehouses in the UK’s ‘Golden Triangle’.

To date, construction steams ahead with 3,500 tonnes of steelwork from the original unit already demolished and recycled, and 45,000m3 of stone already processed for re-use, reducing the site’s environmental impact. Once complete, The 800,000 sq ft site will offer units of varying sizes; c.135,000 sq ft, c.280,000 sq ft and c.385,000 sq ft, with access to two onsite gyms and new amenity spaces.

The site will also include 2.2 acres of woodland with 4,500 new trees, and native species of plants, which will enhance the local biodiversity. Coupled with this, the introduction of solar panels electric vehicle charging points, LED lighting, Air Source Heat Pumps and rainwater harvesting, means the site will target BREEAM Excellent and EPC A.

Steels Up

Charlie Howard, Logicor UK Managing Director, said: “Logicor Park Daventry marks an exciting chapter for our development journey in the UK. With sustainability at the core of this flagship development, we are delighted to offer our existing and potential customers this modern, sustainable warehouse space. The Golden Triangle is within a 4.5-hour drive from almost 90% of the UK population, meaning the new site at Daventry will further enable us to support the flow of trade vital to everyday life. We look forward to welcoming customers next year, helping them to reach more people, more efficiently, while delivering greater sustainable value.”

The site is set to be completed by Q4 2024.

Demand for Warehouse Space at Logicor Estate

As demand for high-quality sustainable warehouse space strengthens, Logicor, one of Europe’s leading owner, manager and developer of logistics real estate, has leased an additional c. 26,500 sq ft to existing customer Redhill Manufacturing, at Logicor’s Lakeside Industrial Estate, Redditch, Worcestershire, UK.

A customer in Unit 3 since 2021, Redhill Manufacturing were looking for new facilities to support the business’ expansion and growth. With a prime location just 15 miles south of Birmingham, the business signed for an additional three units, taking their total space occupied to 52,000 sq ft.

Over the next three months, the new units will be upgraded, from EPC rating ‘E’ to ‘B’, with increased energy efficiency from LED lighting and PVC windows, as well as new heating and cooling systems. The site will also benefit from a mezzanine, bike racks to encourage sustainable travel for Redhill’s locally based workforce, and fast-action roller shutter doors for easy access.

Bill Martyn-Smith, Asset Manager at Logicor, UK comments:

“We’re thrilled to have worked closely with Redhill Manufacturing to identify the right space for their expansion needs. At Logicor, supporting our customer’s growth ambitions is core to what we do and why we work in partnership with them to truly understand what they need now and might need from their space years in the future.”

“Assets in prime locations that improve business connectivity remain in high demand, as demonstrated by this expanded partnership with Redhill Manufacturing. This deal builds on what has already been a record-breaking year for our leasing activity – and we’re proud that our customers continue to trust us to deliver best-in-class warehouse space, that caters to their evolving business needs.”

Andy Colley of Redhill Manufacturing, comments:

“We’re immensely excited about our new facility and the future opportunities we face as we move into an important new phase of expansion and growth. The refurbished, purpose-built facilities will provide us with much greater capacity for incoming materials and extensive storage for assembled products, enabling us to significantly increase output while reducing lead times.”

LSH and Harris Lamb will be marketing Unit 3 when Redhill vacate at the end of the year.

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