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IM Properties to develop £225m warehouse park in UK

LBR Staff Writer Published 08 March 2018

Midlands-based IM Properties (IMP) has secured planning permission from the Hinckley & Bosworth Borough Council to develop a warehouse park in Hinckley, Leicestershire, UK.

With an investment of around £225m, IMP will develop 82-acre Hinckley employment park, which will also include DPD super-hub.

IMP’s new warehouse park is expected to create up to 2,400 new jobs in the region.

Parcel firm DPD’s super-hub will be developed with an investment of around £150m in 39 acres, and is expected to create 750 new jobs.

DPD is investing in the new hub to meet the growing demand from the online shopping in the UK. When operational, the new hub can handle around 71,000 parcels per hour.

The new hub, which will be DPD’s fifth in the UK, will be situated two miles from the firm’s Hub 4 and International Gateway in Sketchley, which both opened in 2015.

DPD CEO Dwain McDonald said: “We are continuing to experience strong growth in demand for our services, which is why we are announcing another massive hub project less than three years after we opened Hub 4.”

As per the report, the new employment Park will add £20m to the area’s economy during the construction phase, and will be increased to £47m per annum, once operational.

During each year of the build program, around 280 full-time construction jobs are expected to be created.

According to IMP planning director David Smith, the employment park will generate jobs across the manufacturing, light industrial and logistics sectors.

Smith further added: “DPD’s decision to create its super-hub at Hinckley Park is a major boost and our vision remains to deliver a high-quality, sustainable business park which is not only a great place to work, but also generates significant amounts of employment opportunities for business and the community.”

Image: IM Properties will develop new warehouse park in Hinckley, Leicestershire. Photo: courtesy of I.M PROPERTIES PLC.