Trammell Crow Company, a leading global developer and investor in commercial real estate, has submitted a planning application to Milton Keynes Council for a prime 19.4-acre logistics site comprising three Grade A speculative logistics buildings totalling approximately 31,587 sq m, at Merton Drive, Milton Keynes, near London.
Trammell Crow Company had acquired the former TopShop Arcadia distribution centre in September for £38 million, equivalent to £2 million per acre. It was the first European acquisition for the US group and the high price reflected the ever-growing demand for well-located distribution centres near urban centres in the UK and across Europe.
Following a positive consultation with local residents and stakeholders, Trammell Crow Company worked closely with Milton Keynes Council for the pre-application process and submitted a plan that seeks to redevelop the site and create 440 new jobs. Additional employment opportunities are envisaged during the development and construction of the new logistics scheme.
The three buildings will offer respectively 20,531 sq m, 6,596 sq m and 4,273 sq m, with building clear heights from 12 to 15 metres. With the growing likelihood of electric vehicles (cars and lorries) and increased levels of automation and overall power demand, the proposed buildings provide increased load capacity on the roof to accommodate photovoltaic arrays and additional natural daylighting.
The buildings will also house transformers and primary electrical frameworks sized for increased electrical demand and reserves of power; have infrastructure suitable for electric vehicle charging; provide increased capacity of floor slabs for floor-standing mezzanines and pick-towers; and have the flexibility to accommodate various office configurations.
“This is a major milestone as we look to develop the former Arcadia distribution site – part of our active European development programme”, said Mike Forster, head of UK logistics, Trammell Crow Company. “Milton Keynes is a sought-after logistics location, and the redevelopment will allow us to create a number of new employment opportunities in an area with excellent transport infrastructure. The encouraging feedback we received through the consultation has assisted us in readying our submission and we look forward to continuing working with the council as they consider our application.”