PLP Acquires 65-Acre Industrial Development Site at M1 Junction 27 in Nottingham
PLP, a logistics developer and investment manager, has acquired a 65-acre development site with direct M1 motorway frontage at Sherwood Business Park in Nottingham. The site, located immediately adjacent to Junction 27 of the M1, will accommodate a three-building scheme totaling 700,000 sq ft.
The development will comprise units of 69,000 sq ft, 172,000 sq ft, and 459,000 sq ft, with construction scheduled to commence in June 2026 and completion targeted for Q3 2027. The transaction price was not disclosed.
Strategic Positioning in Undersupplied Market
Neil Dickinson, Chief Investment Officer at PLP, stated: "PLP Nottingham is a prime example of PLP's investment thesis; prime, immediately deliverable and perfectly tailored product to an undersupplied market and we look forward to delivering the completed scheme next year."
The site benefits from direct access to the M1 and the national motorway network, providing connectivity to the industrial heartland of the UK and regional urban conurbations. Hugh Chesterton, Development Director at PLP, noted: "PLP Nottingham will deliver three high quality buildings into one of the UK's most undersupplied markets. The BREEAM Excellent scheme will be highly attractive to a range of national and regional tenants given its unique adjacency to Junction 27 of the M1 and the urban conurbations of the East Midlands."
Development Specifications
The scheme will be developed to BREEAM Excellent standards. Chesterton added that "the scheme will create many new employment opportunities and will represent a substantial investment into the local economy and community."
About PLP
PLP is a specialist logistics development and investment management business. The platform develops, manages and owns prime-grade logistics real estate in the United Kingdom on behalf of its institutional capital partners. The platform manages capital on behalf of both its shareholders and third-party investors including La Caisse (formerly CDPQ), Peel Group, Greater Manchester Pension Fund, and Macquarie Asset Management.