Funding agreed for Jaguar Land Rover's new global distribution park in the Midlands

Click to read the article in full.  

An investment group has agreed to fund a 3 million sq ft global parts distribution centre for Jaguar Land Rover.

Intermediate Capital Group (ICG) is providing backing for the vast hub at Mercia Park, being built by IM Properties next to Junction 11 of the M42, in north west Leicestershire.

ICG said the transaction represented the UK’s biggest-ever “single occupier build-to-suit transaction”, and it will partner IM Properties to deliver the scheme on 20-year leases for each of the five units.

The site will be the JLR’s global hub for sending spare parts to customers in the UK and 80 countries around the world.

The car maker wants to centralise the work currently done at

 link source - Business Live News

Continue reading this article at the original source Here