Gazeley has bought a 21-acre site at Magna Park in Milton Keynes for an undisclosed sum.
The group will develop a 312,700 sq ft distribution and logistics unit called Magnitude 312.
The space includes more than 195 HGV parking spaces, 343 double dock levelers and 4 level access doors. The building has a 19-metre clear height allowing for four potential mezzanine levels.
The development also offers sustainability features and will be 50% solar PV ready, and will hold an ‘A’ EPC rating along with a BREAAM Excellent certificate.
Joe Garwood, development director at Gazeley, said: “Across the UK, we continue to see high demand for logistics space. However, customers are increasingly requiring higher specification buildings and leading sustainability credentials. With Magnitude 312, we have focused on delivering flexible space that allows our customers to tailor to requirements while ensuring that it has all the sustainability features that modern supply chains require.”