Mercia Park, soon to be home to a 2.94m sq ft global parts logistics centre for Jaguar Land Rover, is a ground-breaking logistics development currently being delivered by IM Properties.IM Properties acquired the site in September 2016, with planning permission granted in September 2019. Work has progressed at unprecedented speed, with the site aiming for new levels of build quality and sustainability.
Forward-funding for the 2.94m sq ft global logistics centre for Jaguar Land Rover was agreed with Intermediate Capital Group (ICG) in January 2021. The transaction represents the UK’s largest-ever single occupier build-to-suit transaction with ICG partnering with IM Properties to deliver the scheme on 20-year leases for each of the five units.
Aiming for the scheme to be Net Zero in construction, Mercia Park provides a further step forward for IM Properties’ sustainability ambitions for future developments, complimenting an extensive social value programme and a skills and training initiative already underway at the scheme.
Mercia Park is setting new records from investment to delivery in the industrial marketplace. As well as being the largest single occupier deal ever to be agreed and funded, the development is also a major planning, construction and project delivery accomplishment – taking a 238-acre site from zero to development ready in four years.
Mercia Park is about more than the physical buildings, with green infrastructure and social value benefits designed to have a positive impact on the surrounding communities. 85,000 trees will be planted at the site, including many semi-mature varieties, while 18 projects have already been identified and awarded £90,000 from IM Properties’ £350,000 Mercia Park Community Fund.
The new global parts logistics centre for Jaguar Land Rover will include six buildings, ranging from 30,000 sq ft to just over one million sq ft, enabling the company to consolidate ten warehouses in ten different UK locations into one global aftermarket parts operation, in modern more efficient BREEAM Excellent buildings, whilst also reducing the companies freight traffic by up to 25 per cent.
Site acquired: 2016
Total size: 238 Acres
Investment to Date: £70m
Type of Site: Global Logistics Centre