Nike sign long term lease for new logistics campus - CILT(UK)
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Nike sign long term lease for new logistics campus

13 May 2024/Categories: Industry News, Freight Forwarding, Logistics & Supply Chain, Operations Management

Popular sports brand, Nike, has signed a 20-year lease agreement with real estate company GLP for a new 1.3 million ft² logistics campus at Magna Park Corby, Northamptonshire.

The campus will offer logistics warehousing, offices, sport and recreation facilities in a single building, the campus will target a BREEAM ‘Outstanding’ rating and achieve Net Zero Carbon in Construction.

According to GLP the campus will be the principal hub of Nike’s UK supply chain.

GLP has said the facility will prioritise sport and wellbeing underpinned by additional features including running tracks, open-air gyms and multi-use game areas (MUGA). 

Bruce Topley, UK Managing Director at GLP said: “We are delighted to be welcoming Nike to Magna Park Corby. This new site will help boost skills and generate high-quality jobs.  The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing. This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region."

Legal & General will be the strategic partner in this project having worked with GLP before for the delivery of Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.

Neil Dovey, Head of Annuity Transactions, Legal & General added: "Nike's UK Logistics Campus in Magna Park Corby is ideally aligned with Legal & General's commitment to investing long-term capital into assets that are economically and socially beneficial. We are delighted to be working with GLP, a developer aligned with our principles, to deliver a first-class building, and are looking forward to partnering with Nike as a long-term property owner following completion."


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