Green light for Theale Logistics Park project

Reading-headquartered property company McKay Securities has secured planning permission for the development of a distribution warehouse scheme at Theale Logistics Park.Located adjacent to junction 12 of the M4, the area is already an established distribution location with other local occupiers including Amazon, Bunzl, Direct Wines, Ikea and John Lewis.The planning permission allows for the demolition of an existing 96,000 sq ft chilled storage warehouse, which will then be replaced by either a single 134,000 sq ft unit or a four-unit scheme totalling 117,000 sq ft.McKay, which specialises exclusively in the London and South East office and industrial markets, bought the property in April 2015 and is set to start work on the project once the existing lease to transport and logistics company Kuehne & Nagel expires in Q1 2018.Savills and Haslams have been appointed as letting agents for the scheme.