There are a few developers speculatively building, either having completed schemes this year or committed to delivering in 2021. Timing is everything…
- GLP – As part of the 131 acre extension to Magna Park, Lutterworth GLP commenced the speculative development of four units totalling 1.2m sq ft. This included single premises of 746,478 sq ft, the UK’s largest speculatively developed building.
- Prologis – Following the letting of DIRFT 535 to Clipper Logistics Prologis have announced further speculative development, another 189,000 sq ft on the park and 145,000 sq ft on their Ryton scheme in Coventry.
- St Modwen – Continuing their mid-box development charge St Modwen have capitalised on markets with a lack of supply. The company have speculatively built c.225,000 sq ft across six buildings in Stoke-on-Trent, letting c.100,000 sq ft in three buildings ahead of practical completion. In addition St Modwen are speculatively developing another c.280,000 sq ft in 3 buildings in Tamworth.
- Goodman – After securing Hello Fresh on Nuneaton 230 shortly after practical completion, Goodman have a speculative scheme in Coventry planned for delivery 2021.
There are, of course, others that have committed to speculative building including; Panattoni, Canmoor, Trebor, Barberry, Firethorn, and Tungsten who have added an additional circa 1.75m sq ft to supply.
GLP’s speculative 746,478 sq ft unit at Magna Park South
Goodman’s Nuneaton 230