Skip to site menu Skip to page content

Daily Newsletter

03 February 2025

Daily Newsletter

03 February 2025

GMI Construction wins contract for warehouse redevelopment project

The redevelopment will transform the office site into an industrial and logistics hub.

sathya January 31 2025

GMI Construction Group has secured a contract to develop three high-spec warehouse units at Precedent Drive in Milton Keynes, UK.

The project, commissioned by DV5 Last Mile Developments, a joint venture between property development company Coltham and clients of Delancey Real Estate, is set to create 300 jobs and marks GMI's expansion into the South East England region.

The £20m ($24.88m) redevelopment will transform the site into an industrial and logistics hub.

GMI's strategic move into the south-east follows its recent £50m residential contract in Bristol.

The project involves demolishing the site's existing office buildings to construct three modern warehouse units, individually spanning more than 52,487ft², 51,062ft², and 72,945ft².

Unit 1, already pre-let to a green-tech manufacturer, will have a clear height of 12m while units 2 and 3 will reach 15m and include two-storey offices.

These units will incorporate features such as solar photovoltaic arrays to meet the Building Research Establishment Environmental Assessment Methodology Outstanding sustainability criteria.

The development also includes external site enhancements such as parking facilities, improved drainage systems, and green landscaping to support biodiversity.

With a target for practical completion by October 2025, the logistics hub is strategically positioned to serve the markets of the South East and Midlands of England.

GMI Midlands regional director Adam Taylor said: “Securing this contract highlights GMI’s ability to deliver cutting-edge industrial and logistics projects that combine innovation with sustainability.

“Expanding into the South East represents a significant step forward in our growth strategy and underscores our reputation for delivering exceptional results.”

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close