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The developer is set to invest £125m into the development
Two storage and distribution units are set to be built on a large 80-acre plot of land in Leicestershire.
Real estate investor, Firethorn, has recently acquired an 80.3-acre logistics site in Stanton Lane, in Bardon, near Coalville. The site has planning consent for two large units, which would be used for storage and distribution, as well as general industrial use.
Firethorn has completed the deal with Diamantem with the development due to progress, under plans to invest more than £125 million, in order to build the units on a “speculative and build-to-suit” basis.
Located within the East Midlands’ ‘Golden Triangle’, the site sits within the UK’s logistics heartland with direct access to the M1, through Junction 22.
The new development will follow previous phases delivered by Mountpark which are now occupied by established distribution and manufacturing occupiers including Amazon, DHL, Eddie Stobart, VF, Vistry, and Pharmacy2U.
James Sanders, head of industrial and logistics at Firethorn, said: “This latest acquisition reflects our disciplined approach to logistics investment, targeting high quality assets that enable us to create long-term value
“Bardon is one of the UK’s most established logistics locations, ideally suited to large-scale occupiers demanding scale, connectivity, and access to skilled labour. This is an exciting project for Firethorn and we’re looking ahead to delivering best-in-class product in a proven core market.
“We continue to actively target prime opportunities in the sector throughout the UK that will deliver strong returns for our shareholders, and respond to market demand.”
Firethorn has started work to construct the two units, which are expected to be completed in 2027.
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