St. Modwen Industrial & Logistics has completed a deal to bring an international e-commerce solutions provider to St. Modwen Park Tamworth, signing a 15-year agreement to occupy the 321,204 sq ft speculatively-built unit.
Providing integrated supply chain solutions for cross-border e-commerce companies, the international e-commerce solutions provider will use the space as a distribution centre. With warehouses in China, the UK, United States, Germany, and Australia, the business has more than 700 employees worldwide.
The lease follows a strong 2020 when St. Modwen Industrial & Logistics completed 1.2m sq ft of developments and reported good customer demand going into 2021, with 78% of the £7.5m ERV associated with 2020 completions already let or under offer. St. Modwen Industrial & Logistics is continuing to target the delivery of at least 1.5m sq ft in 2021 and is already on site with the majority of these schemes.
Known as T321, the global e-commerce solutions provider’s new unit at St. Modwen Park Tamworth boasts a 53m yard, 15m haunch height, enhanced Grade ‘A’ office accommodation and an ‘Excellent’ BREEAM rating, while the inclusion of solar panels allows for the building to be operationally carbon neutral. St. Modwen identified and brought forward this speculative build in response to the lack of supply of ‘big box’ industrial units in the immediate area.
Conveniently located just off Junction 10 of the M42 and within 5 minutes of Birmingham Intermodal Freight Terminal, St. Modwen Park Tamworth puts the health and wellbeing of occupiers’ employees at the centre of the park, with a fitness trail incorporating gym equipment circulating the biodiverse, landscaped site.
The scheme is already home to several other leading occupiers, including leading electrical installation company, SM UK, and the market leader of reusable fresh supply chain packaging, Euro Pool System, which leased a 49,000 sq ft warehouse in July 2020.
Gregg Titley, Development Director at St. Modwen Industrial & Logistics, said: “The completion of T321 – one of our largest speculative industrial and logistics builds – was a significant moment for us last year and signified our growth plans as a business. We’re delighted to be welcoming a global logistics firm to St. Modwen Park Tamworth and look forward to working in partnership with them as they take advantage of the site’s range of additional benefits.”
Agents for the scheme are Savills, Colliers International, and CBRE.
Katie Monks, Associate Director at Savills, added: “The location and specification of St. Modwen Park Tamworth have proved popular and this recent letting illustrates the underlying demand for quality, big-box industrial units in the West Midlands. With this now complete, our focus has turned to the next phase of the speculative development on the wider 35-acre park, providing more opportunities for businesses to base themselves at Junction 10 of the M42.”