Construction has begun at MX Park in Maple Cross, an industrial scheme of almost 180,000 sq ft.
The East Hertfordshire scheme being developed by Ashford Developments, delivered by Pioneer and funded by Barwood Regional Property Growth Fund IV, is close to J17 of the M25
The scheme, targeting EPC A and BREEAM Very Good, has one unit of 97,876 sq ft and one of 80,487 sq ft. Practical completion is targeted for December 2024.
Nick Masters, senior investment manager of Barwood, said: “Greater London faces limited supply of new Grade A logistics space and MX Park is well placed to deliver on the high level of sustained occupier demand we are seeing.
“Our delivery of this scheme comes at a time when firms are re-evaluating their expectations of logistics space, with demand for high-quality and sustainable space, remaining resilient. We look forward to working with our partners Ashford Development and Pioneer to deliver the scheme.”
Richard Ashford, managing director for Ashford Developments, said: “Ashford are delighted to be full steam ahead with MX Park and look forward to welcoming occupiers who demand exemplar HQ logistics accommodation with unparalleled access to the West M25 network and wider South East.”
Joint agents appointed to the scheme are Levy Real Estate and DTRE.
Visit: https://mxpark.co.uk/
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