Final phase of industrial park sees 400,000 sq ft of logisitics units added

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St. Modwen Logistics, the logistics developer and manager under the Blackstone portfolio, has started on the final phase of activity at St. Modwen Park Burton.

Part of a wider scheme hoping to generate 1,500 jobs, this latest phase will include five logistics units spanning approximately 400,000 sq ft.

Earlier this year, Blackstone revealed plans for St. Modwen Logistics’ assets to merge with Indurent, forming a UK logistics entity boasting over 200 assets totalling 26m sq. ft of logistics space.

The units at St. Modwen Park Burton, ranging from 38,000 to 175,000 sq ft.

The latest development phase will expand St. Modwen Park Burton’s total space to nearly 1m sq ft, with completion anticipated in early next year.

Current tenants include Hellmann Logistics, London City Bond, Keylite Roof

 link source - The Business Desk

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