IDI Gazeley Breaks Ground On Major New Development at Magna Park, Milton Keynes

14 September 2017 – IDI Gazeley, a leading investor and developer of logistics warehouses and distribution parks, announces that it has broken ground on a new 574,000 sq ft warehouse – the largest of its kind since the recession - at its logistics hub, Magna Park, Milton Keynes. Construction on the 21-metre-high development, named ‘Altitude’, begins today and is expected to be completed by the end of February 2018.

The new facility, which will target leading logistics, distribution and ecommerce companies, brings together a range of features that ensure occupiers have as much flexibility as possible to support them as requirements evolve over time. With a floor loading capacity of 80 KN/ sqm and a clear height of 21 m, Altitude offers greater flexibility than conventional logistics centres. The facility can accommodate different types of storage layouts, including high racking and up to 5 levels of mezzanines. Altitude is also a cross dock facility that caters for all HGV needs with 117 docks, all of which have double dock doors.

The building’s unparalleled sustainability features generate a significant reduction of operating costs and CO2 emissions. These results are achieved by implementing best in class products, including SMART LED lighting, DESG partitions, hybrid hydronic heating, rainwater harvesting and a building insulation that is above regulatory requirements. Solar panels ready with prepared air space agreements can generate 1.3m KW hrs annually. IDI Gazeley is aiming for a BREEAM Excellent certification.

Furthermore, the warehouse will be ‘Well Ready’ certified meaning that it considers all aspects of personal wellbeing of the workforce that will occupy it.

Magna Park, Milton Keynes is already one of the most prominent logistics and distribution hubs in the UK and Europe and is home to some of the largest brands in the UK, including John Lewis, Waitrose and River Island.

Located between J13 and J14 of the M1, the site is within a 4.5-hour HGV drive of 45.8 million people in the UK, meaning it is perfectly suited to companies looking to deliver goods to the whole of the UK and abroad. The site also benefits from a strong labour force, with 264,529 working age people within a 30-minute drive.

Alex Verbeek, Senior Vice President & Managing Director UK, IDI Gazeley, commented: "We are excited to be getting started on this innovative project that reimagines the way that our clients look at logistics warehousing. The entirety of this development was considered with the end-user in mind with greater height, floor loading capacity and sustainability credentials than other projects of its kind. We look forward to watching the development of the warehouse throughout the rest of the year."

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Press contact:
IDI Gazeley
Rob Yates, Smithfield
ryates@smithfieldgroup.com
+44 (0)20 3047 2546

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Smithfield Consultants
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