SEGRO and Roxhill launch ground-breaking `inland port’
SEGRO Logistics Park East Midlands Gateway to combine rail, road and air connections. The 6 million square foot development will have unsurpassed multi-modal links
October 10 2017 – SEGRO plc (‘SEGRO’) and Roxhill have today launched SEGRO Logistics Park East Midlands Gateway, a 700 acre `inland port’ which combines links to the M1 and East Midlands Airport with a major new rail freight terminal.
SEGRO is funding £100 million of infrastructure at East Midlands Gateway including a 50 acre rail terminal and extensive road improvements, designed to give the best possible connectivity to the 10 plots now available to occupiers.
Along with work ongoing by Highways England and other highways authorities means there will also be £35 million of road improvements associated with East Midlands Gateway, including better connections at Junction 24 and Junction 24A of the M1.
Andy Gulliford, Chief Operating Officer, SEGRO said:
“SEGRO Logistics Park East Midlands Gateway will be truly multi-modal: with its proximity to the M1 providing easy road access to the whole of the UK; the fact that it neighbours East Midlands Airport – the UK’s second largest freight airport – and that we are building a Strategic Freight Interchange as part of the scheme.”
“We are relishing working with Roxhill, having entered into our partnership 18 months ago, and will be creating some of the best logistics space in the country. We are confident East Midlands Gateway will be a highly successful scheme for its occupiers and the local community.”
The development will create 7,250 jobs, 900 construction jobs and 3,000 indirect jobs, with Roxhill having played a key role in working with public and private bodies to maximise training opportunities for local people.
East Midlands Gateway is close to the very centre of England, with Nottingham 13 miles to the north-east, Leicester 20 miles to the south and Derby 14 miles to the north west.
This gives a strong, three city labour supply with one million people within a 30 minute drive, and 332,000 typical logistics employees within a 30 minute drive.
The rail freight hub links directly to the Castle Donington freight line, which provides access to major UK ports such as Southampton, Felixstowe and London Gateway.
Burbage Realty, CBRE and Savills are agents for the scheme.
About SEGRO plc
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.4 million square metres (69 million square feet) of space valued at £8 billion, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.
See www.SEGRO.com for further information.
Roxhill is a privately funded specialist industrial and distribution developer with a first class and proven track record in taking forward large projects through to completion. Roxhill’s large in-house team covers all aspects of property development, enabling it to manage customers’ requirements fully and professionally. Roxhill’s strong equity base allows it to use its capital to acquire land, fund infrastructure and to develop buildings.