More than 1,000 new jobs promised at new Birmingham site as deal closing in with new tenant
birminghammail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from birminghammail.co.uk Daily Mail and Mail on Sunday newspapers.
Winvic to build UK s largest logistics park
khl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khl.com Daily Mail and Mail on Sunday newspapers.
Huge new Jaguar Land Rover global distribution park secures funding
Mercia Park in Leicestershire will employ around 1,200 people when it opens
Mercia Park will include a global JLR parts distribution hub
Never miss another story from Coventry and Warwickshire by subscribing to our free email updatesInvalid EmailSomething went wrong, please try again later.
Subscribe
When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.
Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice
Funding has been agreed for a huge global parts distribution centre for Jaguar Land Rover.
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.