Key step forward for huge ‘inland port’ next to East Midlands Airport that will create 7,000 jobs
East Midlands Gateway will also involve a series of road improvements on the M1 and A453 worth £35m
The teams behind a huge rail freight terminal being built next to East Midlands Airport that will create thousands of jobs have launched it to the market.
London-based real estate investment trust SEGRO and developer Roxhill are now looking for occupiers at the 700-acre inland port, which will take advantage of links to the M1 and airport.
Named SEGRO Logistics Park East Midlands Gateway, the development will directly create 7,250 jobs, alongside 900 construction roles and 3,000 indirect jobs .
SEGRO will fund £100m of infrastructure at the interchange, including a 50-acre rail terminal and extensive road improvements that are designed to give the best possible connectivity to the 10 plots now available to occupiers.
A partnership with Highways England and other highways authorities means there will also be £35m of road improvements associated with the Government-backed private scheme, including better connections at Junction 24 and Junction 24A of the M1.
Andy Gulliford, chief operating officer at 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.”
Roxhill, a specialist in industrial and distribution development based in Rugby, began work via Winvic Construction on the first phase of East Midlands Gateway in February.
Based 13 miles from Nottingham and also near to Derby and Leicester, the interchange will provide one million people based within a 30-minute drive across the three cities with a strong distribution supply. About 332,000 typical logistics employees will be based within the same distance.
The site will link road and rail networks, effectively acting as an inland port.
Its rail terminal will connect the site to the Castle Donington freight line, providing direct access, via the Rugby Loop, to the major eastern and southern UK ports such as Southampton, Felixstowe and London Gateway.
East Midlands Gateway will be built in six phases, with all work due to be completed by the end of 2019.
The first involves a new roundabout on the A453 Ashby Road, providing access to the development from the north of East Midlands Airport.
Two large warehouses are likely to be built in this phase, with two more buildings in the second, and further buildings plus a bypass south of Kegworth in the third and fourth.
The final buildings and infrastructure will follow in the fifth and sixth phases.
SEGRO is one of the UK’s leading firms for owning, managing and developing modern warehouses and light industrial property.
Its stock includes 69 million sq ft of space valued at £8 billion, serving customers from a wide range of industry sectors.
Properties are based in and around major cities and key transportation hubs in the UK and in nine other European countries.
Burbage Realty, CBRE and Savills are the property agents for the East Midlands Gateway scheme.