19 May 2023
PLP secures planning for 1 million sq ft logistics unit at Milton Keynes
PLP has been granted detailed planning consent at PLP MK for a single cross-dock unit of approximately 1 million sq ft, making it the largest immediately deliverable logistics building in the United Kingdom and a unique proposition for the occupational market.
The 44-acre second phase of PLP MK, is the only fully consented, fully serviced and plateaued site in the southern M1 corridor that can deliver a facility of this scale. The development boasts a vertical delivery period of only 9 months from construction start, a clear height of 21m and a total cubic capacity of approximately 1.75 million cubic metres. PLP are planning a construction start in the near future on a pre-let or speculative basis.
This state-of-the-art industrial and logistics facility will follow PLP’s Carbon Net Zero (CNZ) framework, combining CNZ construction with CNZ ready design, adhering to the UK Green Building Council’s Net Zero Buildings Framework. This standard will enable future customers to achieve CNZ operation by utilising built-in renewable energy features and by procuring appropriate renewable energy supplies.
PLP MK benefits from unrivalled transport links, leisure facilities and wellbeing amenities, which combined with the PLP CNZ framework, will assist modern businesses in achieving their ESG targets. PLP are wholly focused on providing customers with a best in a class working environment, market leading flexibility and uncompromised design.
Phase 1 at PLP MK, totalling 1.05 million sq ft across 10 speculative units, is currently under construction, with the first units available now and practical completion of the final unit by January 2024.
PLP MK was acquired in 2021 by PLP’s flagship investment vehicle, the PLP UK Logistics Venture (UKLV 1), which is owned by majority investor Ivanhoé Cambridge alongside Peel L&P, Macquarie Asset Management (MAM) and PLP senior management.
Edward Jackson Development Director at PLP: “It is incredibly exciting to receive planning consent to deliver such a rare landmark facility. Not only is the scale unprecedented for the South East, but the specification is unmatched. Our CNZ framework will ensure we exceed expectations of modern logistics customers. When finished PLP MK will be a truly world class business park.”
Savills and Cushman & Wakefield are the marketing agents for the scheme.
Find out more about PLP here.