Business giants signal major boost for district’s economyPublished Wednesday 4 August 2021
Major investment from four global businesses, at a key distribution site in the Harborough district, has been welcomed as a “a significant boost for the local economy”.
Global retail giant Amazon has become the latest big business set to take on storage and distribution space at Magna Park near Lutterworth.
GLP, the company that owns Magna Park, has confirmed the online retail giant has secured two units, totalling more than 1million square feet, at the logistics hub.
Amazon joins other recent leasings at Magna Park including healthcare distribution company Movianto, JD.com, and logistics specialist Whistl.
Collectively, the four blue chip businesses could create up to 1,600 new jobs.
The news has been welcomed by the Leader of the district council, Cllr Phil King, who said it signalled “significant investment into the district.”
Cllr King, Leader of Harborough District Council, said: “This announcement shows that the Harborough district continues to be a pull for major businesses with exceptionally strong credentials. This represents significant investment into the district which will create a diverse range of jobs for local workers and benefit wider communities. The district’s central location in the country makes it attractive, with excellent links for businesses, and our Invest in Harborough agenda continues to champion the district’s investment potential.”
Gwyn Stubbings, Planning Director at GLP, said: “We are delighted to confirm that we have successfully leased units MPS1 to MPS4 at Magna Park South. The four new units, built speculatively in 2020, extend to 1.3 m sq ft and will be occupied by JD.Com; Whistl; Movianto and Amazon. This is a very significant milestone for the next phase of Magna Park and demonstrates the continued commercial and market attractiveness of Magna Park to internationally-renowned businesses. We look forward to delivering further economic investment and job creation at Magna Park and within the broader Harborough District in the coming months.”
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