Nike signs 20-year lease for vast UK logistics campus at Magna Park Corby

The campus spans more than 1.3 million sq. ft of logistics warehousing, offices, sport and recreation facilities in a single building.

It is expected to acheive both BREEAM ‘Outstanding’ and Net Zero Carbon in Construction ratings upon completion. 

Reflecting its brand, Nike’s campus will prioritise sport and wellbeing, with a range of features including running tracks, open-air gyms, and multi-use game and recreation areas.

Magna Park Corby users will also benefit from an exercise route of 5.76 km, a 2.0 km nature trail, and 3.7km of other footpaths.

The new campus will provide access to protected woodlands, with designated cycle and walking routes aimed at attracting and retaining talent.

Legal & General is the strategic partner to the project. The company previously acted as strategic partner for the delivery of Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.

Bruce Topley, GLP UK managing director, commented: “We are delighted to be welcoming Nike to Magna Park Corby.

”This new site will help boost skills and generate high-quality jobs. The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing.

”This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.” 

Neil Dovey, Legal and General head of annuity transactions, said: ”Nike’s UK Logistics Campus in Magna Park Corby is ideally aligned with Legal & General’s commitment to investing long-term capital into assets that are economically and socially beneficial.

”We are delighted to be working with GLP, a developer aligned with our principles, to deliver a first-class building, and are looking forward to partnering with Nike as a long-term property owner following completion.” 

GLP’s Magna Park Corby is one of the UK’s largest dedicated logistics and distribution parks.