Milton Keynes warehouse on market within one month of acquisition
Real estate investment company Melburg which secured the circa.90,000 ft2 former Alanod distribution and HQ in Milton Keynes I an off market deal in February this year, has put the final circa 24,000 ft2 of space out to market through BTG Eddisions (incorporating Kirby Diamond).
By Liza Helps, Property Editor, Logistics Matters
KNOWN AS M1-MK, and located at Chippenham Drive in Kingston, the property comprises a 23,920 ft2 modern warehouse unit with 3,124 ft2 offices on a secure site with entrance gate, with dedicated parking and loading facilities as well as two roller shutters and a secure yard area.
The building was constructed in the early 2000’s and sits within a Freehold site that exceeds 4 acres, with yard depths of approx. 30 metres.
The property has been marketed with a quoting rent of £10 per ft2. According to Bidwells latest M1 South Industrial Market prime standard industrial rents in Milton Keynes rose by 4-5% in 2025 to £14.75 per ft2.
BTG Eddisons industrial and logistics partner and head of agency at in Milton Keynes Paul Quy, said: “Demand for high-quality industrial and logistics space across Milton Keynes remains exceptionally strong, particularly for well-located units with good motorway access, such as M1-MK.
“The Kingston area continues to attract a wide range of occupiers due to its accessibility and strong local amenity provision. This unit offers a flexible and well-specified solution that will appeal to both regional and national businesses seeking a strategic base in the South East.”
On acquisition Melburg simultaneously restructured three separate leases accounting for approximately 60,000 ft2 of occupied space. The transaction represents Melburg’s fourth owner occupier acquisition within 6 months as it continues to organically grow its supply chain infrastructure platform.
Handelsbanken provided a senior debt facility for the acquisition of the property Keystone Law and Freedman + Hilmi provided legal services.
Newson Real Estate acted for Melburg whilst Alanod were represented by Kirkby Diamond.
