Commercial real estate developer Trammell Crow Company (TCC) has begun work on its first European logistics site which will deliver three Grade A logistics buildings on a 19.4 acre site in Milton Keynes.
The Milton Keynes site, located at Merton Drive, will contain three speculative logistics buildings totalling approximately 340,000 sq ft, with building clearance heights ranging from 39 ft to 49 ft. Construction has started overseen by principal contractor Glencar, with completion due for spring 2023.
The buildings will provide increased load capacity on the roof to accommodate photovoltaic arrays and additional natural daylighting. They will also house transformers and primary electrical frameworks for increased electrical demand and reserves of power and have infrastructure suitable for electric vehicle charging.
The units will also provide increased capacity of floor slabs for floor-standing mezzanines and pick-towers, and have the flexibility to accommodate various office configurations.
CBRE acted as the planning consultant on the project and Chetwoods as the architects.
Since launching in Europe in 2021, TCC has acquired three sites in Milton Keynes, Sheffield and Heywood, two in Germany near Berlin, three in Spain in Granollers near Barcelona, and Cabanillas and Alovera near Madrid, and one in the Czech Republic.
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Graham Reece, TCC head of European logistics construction, said: “With construction having begun on our first European site, set to be closely followed by our Sheffield and Spanish sites, Trammell Crow Company has taken another step towards being one of Europe’s leading developers of prime industrial and logistics space.
"We’re building these assets with a sharp focus on quality, ensuring they have the flexibility, the energy supply and the ESG credentials to meet investors’ and occupiers’ needs now and the future, staying ahead of whatever demands regulations and technology introduce.”
Pete Goodman, Glencar managing director foe the Midlands and the North, added: "As Trammell Crow Company’s inaugural project since coming to Europe Glencar are extremely proud and honored to have been appointed to construct this fantastic new speculative logistics site and we look forward to delivering.
"It’s great to see the fantastic progress that has already been made with the site being levelled and ground being stabilized ahead of vertical construction later in the summer.
“We have worked very closely with TCC and the planning and design teams to design a scheme that we will build to an extremely high specification and which is future proofed to meet investor and occupier requirements going forward together with being ahead of cutting edge ESG credentials and energy demands.”