Investment News | 13 December 2022

Work starts on major distribution scheme

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A contractor has started work on constructing new distribution space in North Derbyshire.

McLaren Construction (Midlands and North) Ltd has started works on phase 1A of Horizon 29, in Bolsover.

Horizon 29 is a new distribution development located near to junction 29a of the M1.

When complete, it will span 1,150,256 sq ft and have a total of eight warehouses, delivered over three phases.

On behalf of Equation Properties and Bentall Green Oak, McLaren Construction is progressing with the construction of two, single storey distribution warehouses, which are expected to be completed by April.

Unit 1 comprises 70,000 sq ft of warehouse space and 3,500 sq ft pf office space, along with six loading docks.

Unit 2 features 127,000 sq ft of warehouse space and 6,400 sq ft of office space, with 12 loading docks.

McLaren Construction has also been appointed on Phase 1B, consisting of a further two units, which are expected to be completed by summer.

Managing director Gary Cramp said: “Horizon 29 will be a premier distribution centre in a prime location in the Midlands, making it the ideal address for tenants wanting direct and easy access to the M1 north and south.

“We are pleased to be appointed by Equation Properties and to be working with them on the first phase of this impressive scheme.”

Equation Properties is a London-based property development company for the distribution and industrial sector.

Dick Smallman, construction director at Equation Properties, said: “We are delighted to have appointed McLaren Construction for the first phase of development at Horizon 29. Construction is now underway for the scheme.”

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