LG Electronics has pre-let unit 1, a 50,000 sq ft warehouse at Kennedy Wilson and Tungsten Properties’ project at Union Park, a new 8.5 acre strategic industrial development on Grovebury Road, Leighton Buzzard, Bedfordshire.
The new development has replaced the previously outdated buildings with eight new industrial and logistics units totalling 163,940 sq ft, with units ranging from 14,000 sq ft to 50,000 sq ft.
LG Electronics will relocate from Milton Keynes. 65 staff will move into their new building at the end of May 2021.
David Mole, development director at Tungsten Properties, said: “Leighton Buzzard is a strategic site which has been needing high quality industrial and warehouse space for those businesses needing to expand or relocate. For LG Electronics to take the largest building at our project is testament to what we’re building and the high demand we’re experiencing.”
Unit 1 accounts for 30 per cent of the overall project. The remaining units 2-8 will be ready in June 2021. It is expected that Union Park in total will provide employment space for circa 200 jobs.
Union Park is located just one mile from the town centre next to the Leighton Buzzard bypass which provides access via the A5/M1 link to junction 11a of the M1. London is 25 miles south, Luton is 13 miles east and Milton Keynes is 14 miles north.
Union Park occupies a high-profile location fronting Grovebury Road and is alongside other occupiers such as Cemex, BAE Aerospace, Aggregate Industries and Car Shop. Neighbouring Grovebury Retail Park provides amenities including M&S, Costa Coffee, Subway, KFC and Aldi.
This post has originally been featured in Property Wire.