Case Study

Magna Park

Milton Keynes

Industrial & Logistics

Magna Park, Milton Keynes

Savills mandate has included development advice, property management, planning, leasing, investment and funding advice. 

The key transactions include:

  • 2009: Savills advised on the acquisition of 450,000 sq ft distribution facility for River Island
  • 2010: Savills retained by developer Gazeley as agent on the site
  • 2013: John Lewis acquired 675,000 sq ft and Savills forward funded to Aviva
  • 2013: drinks manufacturer AG Barr acquired a 260,000 sq ft pre-sale
  • 2014: Waitrose acquired 940,000 sq ft which was forward funded by L&G
  • 2015: John Lewis acquired a third facility of 640,000 sq ft, forward funded by Standard Life
  • 2017: 102,000 sq ft was pre-let to UK Mail/ DHL
  • 2017: H&M pre-let of a 785,000 sq ft unit
  • 2018: 186,000 sq ft was leased to HMRC
  • 2019: 574,000 sq ft Altitude unit was let on a 15-year lease

Savills is currently marketing the last plot, Magnitude, which will deliver 312,000 sq ft in Q2 2020.

 

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