GLP beefs up Corby logistics hub with Nike letting
Sportswear brand Nike has signed for a 20-year lease at GLP’s new 1.3m sq ft logistics and supply chain hub at Magna Park Corby.
The new facility will provide logistics warehousing, offices, sport and recreation facilities in a single building.
It is targeting a BREEAM Outstanding rating and net-zero carbon in construction.
Sportswear brand Nike has signed for a 20-year lease at GLP’s new 1.3m sq ft logistics and supply chain hub at Magna Park Corby.
The new facility will provide logistics warehousing, offices, sport and recreation facilities in a single building.
It is targeting a BREEAM Outstanding rating and net-zero carbon in construction.
Legal & General has partnered with GLP on the project. It previously acted as strategic partner for the delivery of Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.
GLP said the hub will be designed with sports and wellness as a priority.
It will be underpinned by a range of external features including running tracks, open-air gyms, multi-use game areas and recreation areas.
The site will also offer an exercise route of 5.76 km, a 2.0 km nature trail, and 3.7km of other footpaths.
Bruce Topley, UK managing director at GLP, said: “The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing. This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.”
Neil Dovey, head of annuity transactions at L&G, said the investor will partner with Nike as a long-term property owner following completion.
Dovey said: “Nike’s UK logistics campus in Magna Park Corby is ideally aligned with Legal & General’s commitment to investing long-term capital into assets that are economically and socially beneficial.”
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Image © Edelman Smithfield/GLP
