3 March 2022/ Industrial guides

Find your next industrial property to rent in Milton Keynes

Discover your next industrial property in Milton Keynes

Milton Keynes is a well-connected Buckinghamshire town perfectly equidistant from London, Birmingham, Leicester, Oxford and Cambridge. Originally developed in the 1960s to ease London’s housing congestion, today Milton Keynes is one of the fastest growing towns in the UK.

Synonymous with rapid growth, high productivity, and the ability to provide the infrastructure and industrial space necessary to facilitate growth, it’s easy to see why so many international businesses have chosen to locate and expand their operations in Milton Keynes.

The town is truly unique by design. It’s the place in the UK that has been specifically designed for business growth from its very inception. The town’s layout, ground-breaking urban planning, systems and processes were all designed to help the town and its local economy develop. It also benefits from a prime location at the south-eastern periphery of England, giving businesses unrivalled access to high-value markets in the UK and Europe. In fact, Milton Keynes was voted as the best place for business outside of London, according to a 2020 Centre for Cities report.

This, combined with its fantastic transport links, an advanced supply chain, and a highly skilled workforce helps high-value businesses in industrial sectors to thrive. Some of these sectors include industrial engineering, motorsport, automotive, aerospace, defence and healthcare.

Besides the town’s famous concrete cows and rather excessive use of roundabouts, Milton Keynes most certainly has plenty to offer. There are numerous green spaces, a plethora of indoor and outdoor activities, and fabulous shopping opportunities.

If you’re interested in basing your business here, we have everything you need to know about occupying industrial space in Milton Keynes.

Industrial areas around Milton Keynes

Milton Keynes has a number of industrially focused areas. Southwest of the town is an area called Bletchley. Perhaps best known for the role it played as headquarters of Britain's World War II codebreaking efforts, Bletchley is also home to a number of large industrial business parks and estates. If you go further north, you’ll find a number of industrial spaces dotted around the town, all of which take advantage of their close proximity to the A5 and M1 roadways, making it easy to transport goods around the country.

Getting around Milton Keynes

Milton Keynes is a thoroughly modern city. One planned with accessibility, infrastructure and sustainability in mind.

Milton Keynes has excellent rail links

Milton Keynes Central railway station is on the West Coast Main Line and is served by Virgin Trains intercity services as well as London North Western Railway and Southern services. The Milton Keynes Central station is one of six stations serving the area, including others in Wolverton, Bletchley, Fenny Stratford, Bow Brickhill and Woburn Sands. So, no matter where you live or work, there is always a station nearby. As well as serving the local area, you can also get to Birmingham in about 50 minutes and London Euston in just half an hour. If you need to travel further afield to take a meeting or visit a client, you can even go as far as Glasgow, which will take you around five hours by train.

Milton Keynes is built on a grid road system

The main motorway in the area is the busy M1 which runs parallel to the town on its right-hand side. This road link also allows access to plenty of major towns and cities up and down the region. Because the town is built on a grid road system, there are a large number of roundabouts for which the town is somewhat famous.

Milton Keynes is also one of the best places in the UK to drive an electric vehicle with a range of programmes making it easier for drivers to be more environmentally friendly. As an alternative to driving, Milton Keynes also has over 200 miles of shared-use paths, known as Redways, for cycling and walking. The traffic-free network covers most of the city estates with some Redways extending out to connect to the older towns.

If you need to travel overseas for business or pleasure, the drive from Milton Keynes to Luton airport takes only 30 minutes.

There are frequent bus services

There are over 40 bus routes running through Milton Keynes with bus stops located in all estates and at key destinations including train stations, shopping centres, business and industrial parks. Buses in Milton Keynes are operated by Arriva UK Bus services with regular buses from most places to the city centre, train station and Bletchley. Coach services to many cities, including Oxford and Cambridge, can be taken from the Coachway, which is located near junction 14 of the M1.

Business amenities in Milton Keynes

Milton Keynes has a variety of fantastic hotels

From boutique stopovers to traditional B&Bs, and serviced apartments to large international hotel chains, whatever your preferred type of accommodation and whatever your budget, you’ll find somewhere to rest your head for the night in Milton Keynes.

Close to the town centre? The Jurys Inn is a five-minute walk from the Milton Keynes railway station and is very close to all the main amenities in the area. Another great option for business travellers staying in the centre of town is the Novotel, which is only a three-minute drive from the centre of Milton Keynes and offers guests large bedrooms, free parking and even a heated indoor pool, gym and sauna where you can relax after a busy workday. If you’re looking to stay somewhere slightly more upmarket, why not book a room at the contemporary Doubletree by Hilton, which features modern, stylish suites as well as well-equipped meeting rooms. If you’d prefer something a little more easy on the wallet, you’ll find a Holiday Inn and a Travelodge within easy reach too.

Milton Keynes has lots of retail space to use

In addition to its abundance of well-equipped industrial spaces, Milton Keynes has lots of retail space available. There’s the centre:mk based in the heart of Milton Keynes, which is one of the UK's top shopping destinations with thousands of brands under one roof. There’s also Midsummer Place, which is known as the Fashion Quarter and is home to the very best in designer fashions, accessories and a wealth of other exciting retail outlets. Venture a little further out and you’ll find Kingston Shopping Centre, which has 27,5000 square feet of leasable space as well as MK1 Shopping and Leisure Park, which is just a 10-minute drive from the town centre.

There are plenty of things to do in Milton Keynes

Whether you’re visiting for a day, a weekend or longer, there’s so much to do and see in Milton Keynes. With over 350 restaurants on offer, Milton Keynes is ideal for foodies. Whether you prefer fine dining and high-end cuisine, homely pub grub, or tasting food from different parts of the world, there’s always something to tuck into. And if you’re serious about sport, whether that means lacing up your trainers and hitting the gym, or watching from the comfort of your armchair, then Milton Keynes has both covered. Experience the thrill of watching a live football match at Stadium MK or work up a sweat at one of the various gyms dotted around the town.

Notable industrial tenants in Milton Keynes

Find industrial space in Milton Keynes

The pandemic has precipitated a record-breaking boom in Milton Keynes’s industrial property market to support the growth of online shopping. In the third quarter of 2021, John Lewis announced it will lease a one million square foot warehouse at Fenny Lock in Milton Keynes from Tesco that will employ 500 people and become the chain’s second-biggest distribution centre after nearby Magna Park.

In other news, global developer and investor, Trammell Crow Company also paid a record land price for 19.4-acre site in Milton Keynes, where it intends to develop a 340,000 square foot speculative warehouse scheme. The company is estimated to have paid around £38 million, equivalent to £2 million per acre, for the former Arcadia distribution centre on Merton Drive, which will be redeveloped.

And in February 2022, the Clearbell UK Strategic Trust announced that it has invested £16 million to buy the Winterhill Retail Parkin Milton Keynes from Abrdn plc.

Industrial tenants in Milton Keynes now include:

  • CTDI
  • Coca Cola
  • Tesco
  • Redbull Racing
  • Prodrive
  • IMS Evolve
  • Mercedes Benz

Key industrial agents in Milton Keynes

  • Bidwells
  • Petchey Holdings
  • Kirkby Diamond
  • Louch Shacklock & Partners
  • Burbage Realty

The future of industrial space in Milton Keynes

As a region, Milton Keynes enjoys high levels of interest from investors by way of the fact that many logistics and industrial firms choose it as a base for both regional and national operations. Major employers within the region include Coca Cola, Tesco and DHL, and there is also a substantial financial and business representation in the area, all of which further cements Milton Keynes as an attractive location to invest in industrial real estate.

As our penchant for online shopping increases, we have also noticed a marked spike in interest for single-let and multi-let industrial opportunities outside of London in recent months. And as the demand for large distribution centres and warehouses continues to grow, we expect to see the industrial property market in Milton Keynes and the surrounding ‘golden triangle’ only get bigger. In fact, in 2015, the golden triangle was home to 13.4 million square metres of warehouse space, or just over 1,875 football fields. In a report released by Savills, this has expanded to 18.5 million, an extra 715 football fields worth. And it is predicted to expand further. This in turn will attract new businesses and create employment opportunities, helping build a more lucrative economy for the area.