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McLaren scores £40m hat trick with IDI Gazeley

McLaren has bagged contracts to build three warehouse developments worth a total of £40m.

The contractor started onsite on all three of the projects for developer IDI Gazeley this month.

Works include the construction of three separate warehouses, two of which are in Milton Keynes, with the third in Daventry, Northamptonshire.

The projects will be constructed within a short timescale and will include two-storey office accommodation, a security gatehouse, loading docks and parking spaces, a few of which will have electric charging points.

McLaren managing director Phil Pringle said: “We are absolutely delighted to be awarded this hat trick of development projects for one of our longest-serving customers.”

McLaren recently completed a new 934,000 sq ft National Distribution Centre for IDI Gazeley at Magna Park, Milton Keynes, on behalf of supermarket retailer Waitrose.

The contractor said the building is one of the largest distribution centres ever built in the UK and was completed within a 32-week programme from the erection of the first steel.

According to a new GVA-authored report shared with Construction News, there has been a shortage of prime supply into the sheds market, with the last year seeing a step change in the decline of available good quality units in the UK.

There is currently less than a year’s supply of modern distribution units over 100,000 sq ft across the country based on past take-up rates.

GVA said it has seen signs that the lack of supply and availability in the South-west is leading to speculative development.

The speculative development market is also responding to the supply shortage in the South-east, Midlands and the North-west.

The research showed there are speculative units across the country either under construction or with imminent start dates totalling more than 5m sq ft.

This is mainly for big sheds outside the South-east, but around London there are an increasing number of smaller unit schemes in the pipeline.

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