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Nike scores Corby UK logistics campus

09 May 2024

Global sportswear conglomerate Nike has chosen  developer investor GLP’s  Magna Park Corby  as home for its new 1.3 million ft2 UK Logistics campus.

By Liza Helps Property Editor Logistics Matters

NIKE PUBLICALLY listed its intention of securing a new UK logistics campus in the Midlands February last year but caveated that the development had to achieve the highest ESG credentials including  BREEAM Outstanding in line with its Move to Zero ambitions which aim to create zero carbon and zero waste.

Nike has secured a 20-year lease on the new facility at GLP’s Magna Park Corby scheme in the East Midlands and celebrated the deal with ground breaking ceremony on Wednesday this week.

Legal & General will be the strategic partner in this project - it previously acted as strategic partner for the delivery of Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.

Legal & General Head of Annuity Transactions Neil Dovey said: "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."

The 1.3 million ft2 campus style property, known as MPC4, will be built on a 35-acre plot known as Plot 4 at the rear of the overall scheme adjacent to the protected woodland on the site and will incorporate warehousing, offices, sport and recreation facilities in a single building, the campus will target a BREEAM ‘Outstanding’ rating and achieve Net Zero Carbon in Construction.

Prioritising sport and wellbeing, the new facility in Corby will be designed with wellness in mind. This will be underpinned by a range of external features including running tracks, open-air gyms, multi-use game areas (MUGA) and recreation areas.

Magna Park Corby will benefit from an exercise route of 5.76 km, a 2.0 km nature trail, and 3.7km of other footpaths. Sensitively designed and in keeping with the local area, the new campus will provide access to protected woodlands, with designated cycle and walking routes that will be fundamental to attracting and retaining talent.

There is a 75 week construction schedule and the facility is expected to be will be fully operational in the summer of 2027.