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Transactions - MARCH 5, 2021

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Ivanhoe Cambridge and PLP invest in Milton Keynes logistics project

by Released

Ivanhoe Cambridge and PLP have acquired a new 135-acre logistics project located at South Caldecotte in Milton Keynes, England, via their existing logistics investment vehicle, PLP UK Logistics Venture (UKLV).

The project will develop a business park environment for modern logistics and manufacturing occupiers looking for high-quality, flexible logistics space to serve the wider southern Midlands and South-East market. The site will be the first major logistics park in the United Kingdom to be delivered with carbon net-zero construction and carbon net-zero ready for occupation, under the U.K. Green Building Council Framework.

The site was assembled by Hampton Brook, which promoted this strategic site through the local plan process and successfully secured its allocation in March 2019. Following an outline planning consent secured in November 2020, Hampton Brook s

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