Kier to Develop New Industrial Logistics Unit in Milton Keynes
Deal News | May 08, 2025 | Puma Investment Management Limited
Puma Property Finance has provided a £21 million loan to Kier Property for the development of a modern industrial logistics unit in Milton Keynes. Kier Property, a division of the FTSE 250-listed Kier Group plc, focuses on urban regeneration projects across the UK. This latest initiative, named Logistics City MK, will feature a 125,647 sq. ft. Grade A facility composed of 112,860 sq. ft. of warehouse space and 12,787 sq. ft. of office space, enhanced with sustainable features such as a green roof and landscaped outdoor areas. Strategically located within the logistics Golden Triangle, the facility aims for high sustainability benchmarks, including Net Zero Carbon Standards and EDGE Advanced certification. Completion is targeted for early 2026. This marks Puma's second sustainability-focused industrial scheme in recent months, following a previous £15 million financing deal in North Yorkshire.
Sectors
- Real Estate Development
- Sustainable Construction
- Investment & Finance
Geography
- United Kingdom – The development is located in Milton Keynes, UK, and is undertaken by UK-based companies.
Industry
- Real Estate Development – The article discusses the development of a new industrial logistics unit, a key activity within real estate development.
- Sustainable Construction – The article highlights sustainability features such as Net Zero Carbon Standards and renewable energy, marking it as a sustainable construction project.
- Investment & Finance – The provision of a £21 million loan by Puma Property Finance for the development aligns with investment and financial activities.
Financials
- £21 million – Loan amount provided by Puma Property Finance for the development of the industrial logistics unit.
- £15 million – Previous loan facility by Puma for an industrial development in North Yorkshire.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Puma Investment Management Limited | Funding Provider | Company | Puma Investment Management Limited, through Puma Property Finance, provided the £21 million loan for the project. |
| Kier Property | Developer | Company | Part of the Kier Group plc, Kier Property is responsible for developing the industrial logistics unit in Milton Keynes. |
| Kier Group plc | Parent Company | Company | Listed on the FTSE 250, Kier Group plc is involved in building and civil engineering projects. |