Logicor Expands UK Presence with Forward Funding of 500,000 sq ft Distribution Warehouse in Derby

Logicor Expands UK Presence with Forward Funding of 500,000 sq ft Distribution Warehouse in Derby

(IN BRIEF) Logicor, a prominent European logistics real estate owner and developer, is set to grow its presence in the UK by forward funding a 500,000 sq ft distribution warehouse in Derby, located within the logistics hub of the East Midlands. The development, situated at Infinity Park Derby, boasts excellent connectivity to the national motorway network and East Midlands Airport. It is expected to create over 1,300 jobs during and after construction. The project prioritizes sustainability, aiming for EPC A and BREEAM Excellent certification, and includes features such as solar panels, LED lighting, air source heat pumps, and extensive landscaping to enhance local biodiversity. Additionally, employees on the site will have access to nature trails, cycleways, and footpaths to promote sustainable travel. Construction is slated to commence in early 2024. Logicor’s Managing Director for the UK, Charlie Howard, views this endeavor as an opportunity to address the demand for quality real estate in high-demand regions. Development and construction partners include Wilson Bowden, Peveril Securities, and Bowmer and Kirkland. Logicor and the developer were advised by Cushman & Wakefield and Avison Young, respectively.

(PRESS RELEASE) DERBY, 2-Feb-2024 — /EuropaWire/ — Logicor, a leading owner, manager and developer of European logistics real estate, has expanded its footprint in the UK by agreeing to forward fund a 500,000 sq ft distribution warehouse on a prime logistics site in Derby. Planning permission has already been secured for the warehouse on Infinity Park Derby.

Located in the logistics hotspot of the East Midlands, the site benefits from direct access to the national motorway network (A50, M1, and M6) and its proximity to East Midlands Airport.

Throughout the construction phase, and when the building is complete, there is the potential to create over 1300 jobs.

The development will be sustainably built and will target EPC A and BREEAM Excellent certification. In addition to solar panels, LED lighting and air source heat pumps, there are plans for extensive landscaping with 112 trees, wetland habitats, bird boxes and bug hotels to improve the levels of local biodiversity at the site.

Employees on the site will have access to nature trails, cycleways and footpaths to promote sustainable travel.

Construction is due to start early 2024.

“Infinity Park Derby fits perfectly with our strategy of further growing our footprint in areas where we know demand for quality real estate continues to outstrip supply.

“We are looking forward to bringing to the market a highly sustainable, well-designed asset that is in a prime location for the UK.”, Charlie Howard, Managing Director, UK at Logicor

Wilson Bowden and Peveril Securities is the development partner and Bowmer and Kirkland is the construction partner for the project. Logicor were advised by Cushman & Wakefield, and the developer were advised by Avison Young.

About Logicor:

Logicor is one of the largest owners and operators of modern logistics and distribution properties in Europe. As at 30 June 2023, we own and manage a portfolio of 594 high-quality properties with a lettable area of over 20 million square meters located in key European logistics markets. Logicor is headquartered in London and Luxembourg.

Media Contact:

Lucy Dollimore
Senior Communications and Marketing Manager
lucy.dollimore@logicor.eu

SOURCE: Logicor