Advised by Colliers International, IM Properties is working with Jaguar Land Rover to create a new global aftermarket parts distribution centre for the automotive company.
The proposed new 2.94 million sq ft campus at junction 11, M42, would supply circa. 80 markets worldwide and meet Jaguar Land Rover’s long term business needs for parts distribution throughout the UK and Western Hemisphere. It is anticipated that the new facility will provide a significant number of jobs and the employment will grow in line with the business needs.
Planning proposals have been submitted to North West Leicestershire District Council (NWLDC) for five units, designed to consolidate existing facilities and improve efficiency for the flow of parts.
If approved, the Jaguar Land Rover distribution campus will sit within a wider development which seeks to help address the quantitative and qualitative industrial and logistics need of the M42 corridor.
“This has been an amazing project to work on for the past two years, and it will be the biggest single warehouse / industrial pre-let in the UK, which is a real success story for both the client and Colliers,” said Simon Norton, Director at Colliers International.