Developer to spec build 532,000 sq ft warehouse at Hinckley Park
IM Properties is set to speculatively build a 532,000 sq ft facility at its Hinckley Park scheme alongside the new superhub for parcel giant, DPD.
IM says the new warehouse and offices will contribute to the 2400 jobs expected to be created on the 82-acre employment park, next to Junction 1 of the M69.
With a target completion date of Q4, 2019, the new Grade A, cross-dock unit, is designed to attract high quality businesses to this premier location.
Richard Lawrence, development director for IM Properties said: “The Midlands is a consistent performer in the industrial & logistics market, with the East Midlands taking 45% of all industrial space take-up in the 100,000 sq ft sector in the first half of this year.
“As connectivity and the ability to deliver becomes a key differentiator in the rapid growth of the e-commerce industry in particular, operators need to be centrally located.
“The site’s location offers immediate access to the motorway network and a large established, high quality workforce, already a draw for DPD and a big determining factor in our decision to speculatively build the unit.”
Lawrence continued: “In addition to the new spec built facility we will also be marketing up to 450,000 sq ft of space available to B1 (light industrial) and B2 (general industrial) occupiers seeking design and build solutions, delivered by our highly skilled in-house project delivery teams.
“We hope this space will attract new companies to the area and provide the opportunity for local businesses to relocate and grow, creating long-lasting economic benefits for Hinckley and the surrounding area.”