Planning has been granted for a 200,000 sq ft, Grade A urban logistics development to be speculatively built on Blackhill Drive in Wolverton.
Axis Park, located in the established Wolverton Mill employment area, will comprise eight units. Construction is expected to begin in November.
Property developer Chancerygate and CBRE Investment Management will deliver the scheme.
“We are very pleased to be able to bring forward Axis Park in partnership with CBRE IM as part of our joint venture to deliver much-needed sustainable urban logistics space throughout the UK,” said Chancerygate senior development director, George Dickens.
“There is strong demand in Milton Keynes for high specification Grade A urban logistics accommodation strategically located in close proximity to the key transport links that serve the city and wider region.
“Our development will meet this demand and provide a thriving long term economic asset for the area which we estimate could create hundreds of jobs.”
The first leaseholders could be in place before the end of 2026.
“This project represents a strategic investment into multi-let urban logistics in a high-demand, well-connected area, offering modern, sustainable space that aligns with our commitment to deliver long-term value creation for our investors,” said Tom James, Head of UK Transactions at CBRE IM.
“Axis Park will provide state-of-the-art facilities for local and regional businesses for whom there is limited new best in class space of this size in Milton Keynes.”
