Planning approval for Milton Keynes Urban warehouse scheme
Developer Chancerygate and investor CBRE Investment Management have won planning permission for a 200,000 ft2, Grade A urban logistics development in Milton Keynes.
By Liza Helps, Property Editor, Logistics Matters
THE DEVELOPMENT, on a 10.6 acre site, will be known as Axis Park and will be built speculatively. It will comprise of eight units ranging from 6,100 ft2 to 67,700 ft2. Construction work is expected to commence in November and it is anticipated that the first occupiers will move in during the third quarter of next year.
All properties at the development will target BREEAM Outstanding certification and an EPC A+ rating as a minimum. They will feature electric vehicle (EV) charging points along with solar cells which provide green energy on an affordable basis to occupiers.
The site is located four miles north of Milton Keynes city centre and is in close proximity to the A5 and M1.
Chancerygate senior development director, George Dickens, said: “There is strong demand in Milton Keynes for high specification Grade A urban logistics accommodation strategically located in close proximity to the key transport links that serve the city and wider region.
“Our development will meet this demand and provide a thriving long term economic asset for the area which we estimate could create hundreds of jobs.”
Chancerygate has around 1.41m ft2 of urban logistics space under construction or ready for development across 11 sites ranging from Edinburgh to Croydon.
Agents for Axis Park are Cushman & Wakefield and Louch Shacklock.
