East Midlands Gateway will create over 7,000 jobs and also involve a series of road improvements on the M1 and A453 worth £35m.
The teams behind the huge rail freight terminal being built next to East Midlands Airport have taken areas of the plot to market in a search for occupiers.
London-based real estate investment trust SEGRO and developer Roxhill want to find occupiers for the 700-acre inland port, which will take advantage of links to the M1 and airport.
Named SEGRO Logistics Park East Midlands Gateway, the development will directly create 7,250 jobs, alongside 900 construction roles and 3,000 indirect jobs.
£100m of infrastructure at the interchange will be funded by
A partnership with Highways England and other highways authorities means there will also be £35m of road improvements associated with the Government-backed private scheme, including better connections at Junction 24 and Junction 24A of the M1.
Andy Gulliford, chief operating officer at SEGRO said: “SEGRO Logistics Park East Midlands Gateway will be truly multi-modal – with its proximity to the M1 providing easy road access to the whole of the UK.
“The fact that it neighbours East Midlands
“We are relishing working with Roxhill, having entered into our partnership 18 months ago, and will be creating some of the best logistics space in the country.
“We are confident East Midlands Gateway will be a highly successful scheme for its occupiers and the local community.”
Roxhill, a specialist in industrial and distribution development based in Rugby, began work via Winvic Construction on the first phase of East Midlands Gateway in February.
Located just 13 miles from Nottingham and also close to Derby and Leicester, the interchange will provide one million people within a 30-minute drive with a strong distribution supply.
The site will link road and rail networks, effectively acting as an ‘inland port’.
East Midlands Gateway will be built in six phases, with all work due to
The first phase involves a new roundabout on the A453 Ashby Road, providing access to the development from the north of East Midlands Airport.
Two large warehouses will be built in this phase, with two more buildings in the second, and further buildings plus a bypass south of Kegworth in the third and fourth.
The final buildings and infrastructure will follow in the fifth and sixth phases.
SEGRO is one of the UK’s largest firms for owning, managing and developing modern warehouses and light industrial property.
Its stock includes 69 million sq ft of space valued at £8 billion, serving customers from a wide range of industry sectors.