SEGRO plcLSE: SGRO

SEGRO commences development of 722,000 sq ft logistics warehouse in Northampton

· Issued by SEGRO plc

Summary by 6ix AI

SEGRO, a UK real estate investment trust that owns and develops warehouses, industrial property and data centres, has started development of a 722,000 sq ft logistics warehouse on a 34-acre plot at SEGRO Logistics Park Northampton. SEGRO says the new unit brings almost two-thirds of the 5 million sq ft of logistics space to be delivered at the park to completed or under construction.

Key details

  • The warehouse will have 18m clear height, over 100 dock loading doors and 3.5MVA (megavolt-amperes, a measure of electrical capacity) of secured power, plus over 28,000 sq ft of flexible office space and 10,000 sq ft of amenity space.
  • The building is targeting BREEAM 'Outstanding', the highest grade of the BREEAM building sustainability certification, with features such as rooftop solar panels, air-source heat pumps and rainwater harvesting.
  • The park already hosts an Amazon fulfilment centre and a distribution facility for Yusen Logistics that is due to be operational later in 2026. Customers can use a rail freight interchange operated by Maritime Transport that connects to the West Coast Mainline.
  • The park is next to Junction 15 of the M1 motorway, four miles from Northampton, with over 500,000 people within a 30-minute drive.
  • SEGRO cites DTRE data showing take-up of big-box warehouse space totalled 16.8 million sq ft in the first half of 2026, 19% above the post-Covid average.

What’s still pending

  • The warehouse is scheduled for completion in early summer 2027.

6ix AI wrote this summary from the release below and checked it against the release.

The unit will sit on a 34-acre plot and will result in almost two-thirds of the 5 million sq ft logistics space to be delivered at this prime logistics park either completed or under construction. The development commences at a time of strong occupier demand in both the region and size bracket, with data from DTRE showing take-up of big-box space totalled 16.8 million sq ft in H1 2026, 19% above the post-Covid average.

The high-specification facility is designed to appeal to a broad range of customers and will offer 18m clear height, over 100 dock loading doors and 3.5MVA secured power. It will include over 28,000 sq ft of flexible office space and 10,000 sq ft amenity space, and is targeting the highest possible sustainability accreditation, BREEAM 'Outstanding', supported by features such as rooftop photovoltaic panels, air-source heat pumps and rainwater harvesting. It is scheduled for completion in early summer 2027.

SEGRO Logistics Park Northampton is already home to a major distribution facility for Yusen Logistics (due to be operational later this year) and an Amazon fulfilment centre. All customers are able to utilise a modern rail freight interchange operated by Maritime Transport, which connects to the West Coast Mainline and enables the efficient and sustainable movement of goods across the country.

Located adjacent to Junction 15 of the M1, just four miles from Northampton, the park benefits from a rising local labour pool with over 500,000 people within a 30-minute drive.

Dan Holford, Head of National Markets, SEGRO said:

"The construction of this high-specification warehouse reflects the strength of demand for modern logistics space along the southern M1 corridor. In a prime location within the Golden Triangle, with immediate access to the motorway, a modern rail freight interchange and a proven logistics ecosystem, SEGRO Logistics Park Northampton remains one of the UK's most compelling locations for large-scale distribution operations."

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris. The company owns, manages and develops modern warehousing, industrial property and data centres across the UK and seven other European countries, with a portfolio of 10.9 million square metres of space (117 million square feet).

Founded in 1920, SEGRO's active approach to asset management and disciplined approach to capital allocation has created a portfolio of high-quality, sustainable buildings in some of Europe's largest cities and at key transport and digital infrastructure hubs.

From big-box logistics to urban warehousing and data centres, SEGRO creates the space that enables extraordinary things to happen. It provides the infrastructure of modern economies and everyday life, enabling efficient, low-carbon supply chains and digital connectivity across Europe, helping drive growth and job creation. This space supports a diverse customer base including retailers, manufacturers, logistics providers and technology companies.

SEGRO is committed to being a force for societal and environmental good, prioritising Championing low-carbon growth, Investing in local communities and environments, and Nurturing talent.

For more information, visit https://www.SEGRO.com.

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