Industrial real estate development specialist Mountpark has secured planning for a circa 1.5 million-square-foot logistics development in the 'Golden Triangle' and agreed a prelet of a first 491,926-square-foot unit with Tesco.
The developer said it had started work on Mountpark Hinckley after securing approval for a hybrid planning application by Rugby Borough Council, Hinckley & Bosworth Borough Council and Nuneaton & Bedworth Borough Council.
Detailed consent has been granted for the development of a 491,926-square-foot unit, which it said has been prelet to an undisclosed major supermarket retailer. Sources close to the deal told CoStar the retailer is Tesco.
Mountpark has appointed Winvic Construction to deliver the infrastructure and enabling works, as well as the vertical build of Unit 1, which is scheduled for practical completion in spring 2026. Mountpark has also submitted Reserved Matters Applications for the two remaining plots, which will comprise 514,100 square foot and 258,000 square foot of logistics space respectively.
“This marks an exciting step forward with construction now underway on site at Mountpark Hinckley, following over five years of dedicated work by our planning team to bring the development to fruition,” said Tom Kilmister, senior development director at Mountpark, in a statement. “This project reflects our commitment to unlocking new sites, our continued investment in the East Midlands’ logistics infrastructure and our ability to deliver high-quality space that supports market demand for our customers. The pre-letting of Unit 1 is a testament to our customer-focused approach, working closely with occupiers to deliver tailored solutions that align with their operational needs and long-term growth ambitions.”
Mountpark’s infrastructure work for the park will increase the height clearance of the A5 Watling Street bridge, addressing safety and reliability concerns for what was once dubbed "Britain’s most bashed bridge". The site is strategically positioned alongside the A5 with excellent connectivity to the M69, M1 and M6 motorways.
Almost 50 percent of the site is expected to be allocated for green space, incorporating native hedgerows, trees, a new wetland, 2.5km of footpaths and a trim trail with outdoor fitness equipment. The properties will target EPC ‘A+’ ratings and BREEAM ‘Excellent’ accreditation.
The balance of the scheme is being marketed by Colliers and Savills with units available from September 2026. Savills is understood to be advising Tesco, but it declined to comment.
Affinius Capital became the sole owner of Mountpark, the pan-European logistics developer and owner, at the end of last year after acquiring the remaining interest in the development company.
Mountpark is also understood to be closing in on a funding deal for the first phase.