dAs market conditions remain bearish amid the ongoing war in Ukraine and inflation pressures, Q3 results published last week by key logistics companie.
Jaguar Land Rover’s 2.94 million sq ft Global Parts Logistics Centre at Mercia Park located at Junction 11 of the M42 motorway in the East Midlands has secured funding to the tune of around £330 million.
Global alternative asset manager Intermediate Capital Group is to fund the facility, which will service 80 countries and Jaguar Land Rover’s aftermarket business, enabling the iconic automotive company to evolve and grow, maintaining its competitiveness in a challenging global marketplace.
The transaction represents Europe’s largest ever single-occupier build-to-suit transaction with ICG partnering with developer IM Properties to deliver the scheme on 20-year leases for each of the five units.