LondonMetric Property will commence development of a 350,000 sq ft logistics facility at its Bedford Link Logistics Park.
“Bedford has established itself as a key logistics hub and has recently attracted a significant number of new and high profile occupiers because of its strategic location and modern infrastructure,” said Mark Stirling, Asset Director of LondonMetric.
”Having commenced the enabling/ground works for the 350,000 sq ft facility, construction will now commence with a view to the scheme being ready for occupation in Q3 2021,” said in the statement.
The BREEAM Excellent building has been designed to the highest specification and will provide for the generation of Zero Carbon energy as we target the achievement of Net Zero Carbon.
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LondonMetric said the latest development represents the final phase of its 700,000 sq ft logistics scheme. It follows the completion and letting of three warehouses across 185,000 sq ft in 2019, and the further development of a 165,000 sq ft facility, which will be available for occupation from February 2021.
“Alongside our development partner Graftongate, we are very excited to be commencing our latest phase of development at Bedford Link. With congestion a significant and increasing cost for the UK economy, its equidistant location between the M1/A1 provides great optionality and transportation resilience for occupiers to meet consumers’ demands for ever tightening delivery windows,” added Mark Stirling.