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    Magna Park South Lutterworth

    INTRODUCTION TO
    MAGNA PARK SOUTH

    Development has commenced on four speculative logistics and distribution units totalling 1.2 million sq ft within Magna Park South, Lutterworth a new 131-acre extension to the existing Magna Park Lutterworth development.

    These four new speculative units of 98,844 sq ft, 126,280 sq ft, 300,325 sq ft and 746,478 sq ft will be available for occupancy in Autumn 2020. The units will each benefit from a best-in-class specification, including wide service yards, clear internal height from 12.5m, with flexible dock and level access door provision together with generous car and HGV parking and an array of energy saving features. 100% PV ready and designed to WELLness principles.

    The developments will also benefit from Gazeley’s improved base build specification that features an ultra modern design of the primary office elevation together with a range of cutting-edge enhancements throughout the welfare facilities. Amongst the new innovations includes a new feature reception, the use of natural materials and finishes throughout, acoustic panels and exposed services in the office space and an open plan kitchen and recreational area.

    In total, Magna Park South, Lutterworth can accommodate 2.8 million sq ft with build-to-suit options also available in a range of sizes, from 100,000 sq ft to over 1 million sq ft in a single building.

    OUR SUSTAINABILITY

    Many of our customers require their warehouse buildings to demonstrate excellent environmental performance.

    Gazeley is now recognised across the world for delivering industry-leading warehouse buildings that continuously exceed our original environmental aspirations, while supporting our customers’ business operations in many effective ways.

    MPS1

    Warehouse 700,000 SQ FT (65,032 SQ M)
    Offices 46,188 SQ FT (4,291 SQ M)
    Gatehouse 290 SQ FT (27 SQ M)
    HGV parking 136
    Car parking 557
    Clear height 18 m
    Dock doors 100
    Level access 8
    Total GIA 746,478 SQ FT (69,350 SQ M)

    MPS2

    Warehouse 113,440 SQ FT (10,539 SQ M)
    Offices 12,550 SQ FT (1,166 SQ M)
    Gatehouse 290 SQ FT (27 SQ M)
    HGV parking 38
    Car parking 97
    Clear height 12.5 m
    Dock doors 12
    Level access 2
    Total GIA 126,280 SQ FT (11,732 SQ M)

    MPS3

    Warehouse 280,165 SQ FT (26,028 SQ M)
    Offices 119,870 SQ FT (1,846 SQ M)
    Gatehouse 290 SQ FT (27 SQ M)
    HGV parking 41
    Car parking 227
    Clear height 15 m
    Dock doors 28
    Level access 4
    Total GIA 300,325 SQ FT (27,901 SQ M)

    MPS4

    Warehouse 88,653 SQ FT (8,236 SQ M)
    Offices 9,902 SQ FT (920 SQ M)
    Gatehouse 290 SQ FT (27 SQ M)
    HGV parking 20
    Car parking 75
    Clear height 12.5 m
    Dock doors 10
    Level access 2
    Total GIA 98,844 SQ FT (9,183 SQ M)

    MPS5

    Total GIA 186,500 SQ FT (17,325 SQ M)

    MPS6

    Total GIA 208,000 SQ FT (19,324 SQ M)

    MPS7

    Total GIA 1,001,085 SQ FT (93,004 SQ M)

    MPS8

    Total GIA 230,000 SQ FT (21,368 SQ M)

    Location

    Destination Distance
    M1 Junction 20 2.5
    M6 Junction 1 4.5
    M69 Junction 1 7
    Rugby 7.5
    Coventry 19
    Northampton 25.5
    Destination Distance
    Birmingham Airport 30
    Birmingham 36
    Central London 89
    Heathrow 91
    Manchester 118
    East coast ports 150

    REASONS
    TO BE HERE

    Catchment

    As with all major employment locations, especially those with good strategic access, Magna Park draws its workforce from a wide area. Survey evidence of where employees at Magna Park reside demonstrates the very wide-ranging labour market catchment.
    In a 2018 survey of employment agencies, the results indicate that occupiers tended to concentrate on Leicester and Coventry as their principal sources of labour.

    Population

    According to the latest Annual Population Survey (APS) data for the 12 months to March 2019, there was a total of 1.44 million people of working age 16- 4 in the Magna Park catchment area.

    Employment

    The jobs density, which measures the number of jobs per working age population in an area, is at 0.85 which is similar to the Great Britain average of 0.86. This implies there is a reasonable balance between jobs and workers within this catchment area.

    Employment

    The jobs density, which measures the number of jobs per working age population in an area, is at 0.85 which is similar to the Great Britain average of 0.86. This implies there is a reasonable balance between jobs and workers within this catchment area.
    “…there is a projected
    growth in labour
    supply over the period 2018 — 2031 of 76,700
    additional workers…”

    Future Labour Supply

    For occupiers at Magna Park, the current stock of available labour in the catchment area is of interest but so will also be the supply of labour in the future. As part of their evidence to the Harborough Local Plan, Gazeley commissioned independent demographic projections of the future labour force.
    This shows that for the defined Magna Park catchment area there is a projected growth in labour supply over the period 2018 — 2031 of 76,700 additional workers, an increase of 6.4% on the size of the current workforce, or a growth rate of 0.5% p.a. over the period.

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