Nike signs 20-year deal for huge logistics campus

Global sportswear brand Nike has signed a 20-year lease for 1.3m sq ft of space at GLP’s Magna Park in Corby.

Nike will use the building as its UK Logistics Campus and national supply chain hub. It will include logistics warehousing, offices, sport and recreation facilities in a single building.

Legal & General is partnering with GLP on the scheme.

Bruce Topley, UK managing director at GLP, said: “We are delighted to be welcoming Nike to Magna Park Corby. This new site will help boost skills and generate high-quality jobs. The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing. This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.”

Neil Dovey, head of annuity transactions, Legal & General: “Nike’s UK Logistics Campus in Magna Park Corby is ideally aligned with Legal & General’s commitment to investing long-term capital into assets that are economically and socially beneficial.

“We are delighted to be working with GLP, a developer aligned with our principles, to deliver a first-class building, and are looking forward to partnering with Nike as a long-term property owner following completion.”