London 8th March 2018 – Gazeley, a leading investor and developer of logistics warehouses and distribution parks, has today announced the completion and launch of “Altitude”, a cutting-edge 574,000 sq. ft. logistics warehouse at its premier logistics and distribution park, Magna Park, Milton Keynes.
At 21 meters high, Altitude is the largest and tallest speculative logistics warehouse in the UK, providing the market with an effective distribution facility that sets the benchmark in terms of flexibility of design and specification.
Construction of the new development began in August 2017 and took 26 weeks to complete. The new building features an innovative design which provides occupiers with the highest degree of operational flexibility and efficiency. Some of its unique features include:
- Enhanced mezzanine capacity and an increased number of pallet positions – at no extra cost to the customer.
- Double deck loading doors in every position, at a ratio of one door per 4,500 sq. ft. -reducing time as well as financial and environmental operating costs for occupiers.
- An increased incoming power load provision of up to 4 MVA to cater for the evolving needs of customers.
- Designed to the WELL Ready Standard certification, making the building a healthier and more productive space for its occupants.
The warehouse also includes a host of state of the art sustainability features such as LED lighting, solar thermal heating, rainwater harvesting, power charging stations for electric vehicles and strengthened steel to incorporate Solar PV across the whole roof which allows a customer to save up to 1,300,000 kg of CO2 per annum.
Commenting on the development, Joe Garwood, Development Director, Gazeley said “Magna Park, Milton Keynes is already one of the UK’s most established hubs for logistics and the development of Altitude will only serve to strengthen that position and appeal to occupiers, as a leading location for ecommerce, logistics and distribution companies.
“Altitude brings together a combination of innovation, technology, efficiency, sustainability and intelligent logistical thinking from some of the most experienced figures in the business to create a building that sets a new benchmark for the industry.”
Magna Park, Milton Keynes is strategically located between J13 and J14 of the M1, putting the site within a 4.5-hour HGV drive of 54.8 million people in the UK, 85% of the British population. The site also benefits from a strong labour force, with 932,000 working age people within a 30-minute drive.
The development is an established location for logistics, home to the distribution operations of some of the UK’s largest and most successful brands including John Lewis, River Island, Waitrose, UK Mail.
For further information about the development and to download an information pack visit: http://www.altitudemk.com/
0203 047 2546
Gazeley is a leading developer, investor and manager of European logistics warehouses and distribution parks with a 17 million square foot portfolio concentrated in the strategic logistics markets of the UK, Germany, France and the Netherlands. In addition to its operating portfolio, which is 96% leased to blue chip customers such as Amazon, UPS and Volkswagen, Gazeley has a prime land bank which allows for the development of an additional 16 million square feet. Gazeley is GLP’s Europe platform.
GLP is the leading global provider of logistics solutions. Through its network of strategically-located properties and ecosystem partners, GLP is able to offer both space and technology-led solutions to drive value for its customers. GLP is one of the world’s largest real estate fund managers, with approximately US$50 billion of assets under management and a global portfolio of 640 million square feet spread across eight countries globally.
For further information about Gazeley please go to www.gazeley.com
For further information about GLP please go to www.glprop.com