Construction has started at MX Park, Maple Cross, comprising two highly specified logistics units, located within a mile of the M25. The scheme is being developed by Ashford Developments, delivered by Pioneer and funded by Barwood Regional Property Growth Fund IV.
The site occupies a strategic and highly accessible position, close to Junction 17 of the M25, within easy reach of the M1, M40, M4, Heathrow Airport and Greater London. The scheme, targeting EPC A and BREEAM ‘Very Good’, comprises units of 97,876 sq ft and 80,487 sq ft, which will include photovoltaic panels and electric vehicle charging points. The scheme will serve to boost employment in the area and provide much needed logistics space to a range of occupiers, to support a supply constrained market.
Groundworks are already underway and practical completion is targeted for December 2024.
Nick Masters, Senior Investment Manager, Barwood, said:
“Greater London faces limited supply of new Grade-A logistics space and MX Park is well placed to deliver on the high level of sustained occupier demand we are seeing. Our delivery of this scheme comes at a time when firms are re-evaluating their expectations of logistics space, with demand for high-quality and sustainable space, remaining resilient. We look forward to working with our partners Ashford Development and Pioneer to deliver the scheme.”
Richard Ashford, Managing Director at Ashford Developments, added:
“Ashford are delighted to be ‘full steam ahead’ with MX Park and look forward to welcoming occupiers who demand exemplar HQ logistics accommodation with unparalleled access to the West M25 network and wider South East.”
Joint agents appointed to the scheme are Levy Real Estate and DTRE.
