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Nike signs lease for new UK logistics and supply chain hub in Corby

SPORTS giant Nike is to base its UK Logistics Campus and national supply chain hub in Corby.

It has signed a 20-year lease for 1.3 million sq ft of logistics warehousing, offices, sports and recreation facilities in a single building at Magna Park Corby.

The new facility will be designed with wellness in mind,  underpinned by external features including running tracks, open-air gyms, multi-use game areas and recreation areas.

Legal & General will be the strategic partner in the project to deliver a best-in-class sustainable flagship campus. Its previously acted as strategic partner for Waitrose’s first national distribution centre at Magna Park in Milton Keynes in 2014.

Magna Park developer GLP’s UK managing director Bruce Topley said: “We are delighted to be welcoming Nike to Magna Park Corby.

“This new site will help boost skills and generate high-quality jobs.  The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing.

“This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.”

The campus will target a BREEAM Outstanding rating and achieve Net Zero Carbon in Construction.

Neil Dovey, head of annuity transactions at Legal & General, said: “Nike’s UK Logistics Campus in Magna Park Corby is ideally aligned with Legal & General’s commitment to investing long-term capital into assets that are economically and socially beneficial. We are delighted to be working with GLP, a developer aligned with our principles, to deliver a first-class building and are looking forward to partnering with Nike as a long-term property owner following completion.”

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