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GLP to undertake massive UK spec-development campaign

Logistics property specialist GLP is planning to speculatively develop a further 2.3 million sq ft (213,700 sq m) of logistics warehousing space across the UK.

The projects include a  602,000 sq ft logistics/warehouse unit, Mammoth 602, at G-Park Doncaster in Yorkshire. At Magna Park North, Lutterworth, Leicestershire, GLP will build 1 million sq ft in three units, respectively of 200,000 sq ft, 297,000 sq ft and 503,000 sq ft

Two units of 117,000 sq ft and 140,000 sq ft will be developed at G-Park Milton Keynes while three units of totalling 163,000 sq m will be developed at G-Hub Crawley and 257,000 sq ft is to be constructed at G-Park Skelmersdale.

GLP said all of the schemes will be BREEAM Excellent, designed to WELL principles and feature a range of sustainability and energy efficiency measures.

“We are seeing continued strong customer demand for Grade A sustainable warehouse space in our market. This is primarily driven by the ongoing growth of ecommerce coupled with the need for supply chains to be improved further and significant supply constraints,” GLP’s UK managing director Bruce Topley said.

GLP’s European operating portfolio consists of more than 4 million sq m which is 98% leased to tenants including Amazon, UPS and Volkswagen. GLP Europe’s land bank has scope for the development of an additional 4 million sq m.