£21m facility to fund new industrial logistics development in Milton Keynes

Overview

A £21 million loan to Kier Property to fund the development of a new industrial logistics unit in Milton Keynes.

The funding will be used to develop a state of the art 125,647 sq. ft. Grade A industrial facility known as ‘Logistics City MK’. The scheme will deliver 112,860 sq. ft. of warehouse space and 12,787 sq. ft. of modern office space and will include an environmentally friendly green roof and landscaped outdoor amenity spaces.

The development is located within the logistics ‘Golden Triangle’, near the M1 motorway and Milton Keynes Central Station.

The scheme’s sustainability credentials will target Net Zero Carbon Standards; BREAAM Excellent and EPC A+ ratings. The development will also pursue EDGE Advanced certification through Puma’s Impact Lending Framework (ILF) targeting 40%+ in energy savings with 20%+ savings in water and embodied energy. 

The development is targeting completion in early 2026. 

Figures are subject to rounding.