Mega shed plans for Leicestershire site

By Liza Helps, Property Editor, Logistics Matters

THE ENDERBY Logistics Hub, will see the provision of  approx. 1.2 million ft2 of industrial and warehouse space  close to Junction 21 of the M1 and Junction 3 of the M69 in Enderby, Leicestershire.

The site brought forward by Drummond Estate and Inverock proved controversial through planning but secured approval in September 2024 as reported in Logistics Matters.

Martin Ward, on behalf of The Drummond Estate, said: “The site offers an exceptional location, adjacent to the M1 and at the heart of the UK’s logistics Golden Triangle. 

“We had an extremely high level of interest as expected and following a competitive tender process have selected Royal London Asset Management Property and Canmoor, both of which have extensive track records of high-quality developments around the country.”  The price is as yet undisclosed.

The scheme is expected to have a £300 million GDV and secure some 2,000 jobs once fully let.
Royal London Asset Management  intends to deliver will a flagship 500,000 ft2 unit, addressing the strong occupational demand and current shortage of larger distribution centres in the region.

Royal London Asset Management Property Senior Industrial Asset Manager Matthew Barnes, said:

“Enderby Logistics Hub represents a unique opportunity to design and develop a best-in-class, multi-unit logistics asset, in a market showing strong fundamentals, where the availability of Grade A supply is declining.

“The East Midlands continues to be the most sought-after location for logistics occupiers. With the largest unit planned at 500,000 sq ft, we are focusing on an underserved segment of the market where larger units are in high demand but short in supply

DTRE acted on behalf of Royal London Asset Management Property and Canmoor, while Cushman & Wakefield and Mather Jamie acted for the vendors.

Currently, Royal London Asset Management Property has £3.2bn in industrial assets across the UK.