Goodman buys 40-acre Leicester Commercial Park
Goodman in partnership with Wilson Bowden, has bought the 40 acre Leicester Commercial Park.
The site can accommodate up to 440,000 sq ft of Grade A industrial and distribution space.
The development has been acquired by the Goodman UK Logistics Partnership (GUKP), an investment vehicle set up in 2015 for all logistics assets developed and sourced by Goodman. The development will be undertaken in partnership with Wilson Bowden.
Commercial director Jason Harris said: “We are very pleased to have secured this prime site and further extend the range of development opportunities available for our customers for high quality logistics space across our UK portfolio.
“Leicester Commercial Park offers one of the UK’s most sought after, strategic locations for logistics positioned directly in the heart of the logistics golden triangle. The development provides unrivalled access directly onto M1/M69 intersection and is ideally suited for distribution and logistics operations and opportunities throughout the East and West Midlands and wider UK motorway network.
“Goodman intends to submit an early planning application with a view to commencing development at the earliest opportunity. Due to the popularity of the location we expect to receive strong levels of interest for both build to suit and inventory buildings”
Nick Richardson, managing director of Wilson Bowden added: “Following the recent success at Interlink 130, which saw the development of a 130,000 sq ft warehouse/distribution with Goodman and subsequent letting to Allport Cargo Services, we now look forward to once again partnering to develop this prime East Midlands site at Leicester Commercial Park.
“Sites like this are few and far between throughout the UK, let alone within the much sought after logistics golden triangle. We are therefore confident that this site will attract significant interest from local and national occupiers who want to secure high specification warehouse accommodation in a prime location.”
Avison Young advised Goodman on the acquisition and Mather Jamie Chartered Surveyors advised the land owner.
