Royal London Asset Management Property, in partnership with leading developer Graftongate, has acquired a 54-acre logistics site in Northampton’s Brackmills Industrial Estate.

The site, which is known as Brackmills 54, will become Royal London Asset Management Property’s largest logistics development, with plans to deliver over 1.25 million sq ft of prime logistics space and an estimated gross development value of £340 million.

The freehold site includes an existing 312,831 sq ft distribution warehouse that is available for lease on short flexible terms.

Located in the heart of the UK’s logistics network, Brackmills Industrial Estate is one of the country’s most established logistics hubs. It offers excellent connectivity to the M1 and M6 motorways, the A14, and key regional centres.

This latest acquisition further extends the partnership between Royal London Asset Management Property and Graftongate, which has secured site purchases in other strategic locations including Abbey Works, Fareham, Pickford Gate in Coventry, and Teddington, South West London.

Jamie Hockaday, Director, Graftongate, said: “Brackmills 54 provides an opportunity to bring forward more than 1.25 million sq ft of prime logistics space in one of the UK’s most established distribution locations. The site’s scale, connectivity and access to a strong labour pool make it an exceptional proposition for national and international occupiers.

“We look forward to continuing our successful partnership with Royal London Asset Management Property to deliver a sustainable, best-in-class scheme.”

Robert Kiernan at Royal London Asset Management Property, said: “The acquisition of this landmark site in Northampton represents a pivotal moment for our industrial and logistics strategy. Opportunities of this scale and prominence in the UK’s logistics ‘Golden Triangle’ are exceptionally rare. With its outstanding connectivity for  transport and labour, the established occupier base nearby and flexibility to deliver a variety of unit sizes, this project will become a key development in our logistics portfolio.

“We are excited to deliver a best-in-class scheme with Graftongate that meets the evolving needs of occupiers and reinforces our commitment to long-term, sustainable value creation for our investors.”

Apex advised Royal London Asset Management Property and Graftongate. BNP acted for the vendor.