A new Magna Park distribution warehouse which could employ around 200 people has been proposed by the park’s developers.
The 180,000 square foot warehouse off Hunter Boulevard, Magna Park, is being built speculatively by IDI Gazeley.
“The market is very, very strong at the moment” said IDI Gazeley’s planning manager Gwyn Stubbings.
“And Magna Park remains a very attractive site for the distribution business.”
The new warehouse - not large by Magna Park standards - is significant because it fills the last possible space on the existing distribution centre site.
That gives extra urgency to the plans to further expand Magna Park.
The major national distribution hub is already a 200-hectare logistics park, situated in the heart of the logistics sector’s “golden triangle”, circumscribed by the M1, the M69 and the M6.
It is the largest of 19 national distribution centres and 31 regional distribution centres run by IDI Gazeley, and is home to 26 companies including Argos, ASDA, Britvic, BT, DHL, Disney and Nissan.
More than 9,000 people are already employed at Magna Park, working in over 30 units.
But there are two plans on the table to expand the big logistics hub, one from IDI Gazeley and one from Barwood Development Ltd.
IDI Gazeley has proposed a 200-hectare northern expansion of the huge distribution centre, equivalent to an area of land measuring a mile by three-quarters -of-a-mile.
Magna Park’s owners IDI Gazeley say the proposed expansion could create up to 6,000 new jobs.
The proposals include plans for a logistics academy for up to 800 14 to 19-year-olds.
Barwood Development Ltd, based in Northampton, has unveiled detailed plans for a 28 hectare site just south-east of Magna Park.
Barwood’s development would be called Symmetry Park. Barwood has formed a joint venture company for the plan which will link with other Barwood logistics projects around the country.
If both plans are approved, the Magna Park area could employ more than 15,000 people.
Lutterworth town councillor Tony Hirons has said: “Magna Park overall has been a benefit to Lutterworth. And we have the lowest unemployment in Leicestershire.”