St. Modwen Logistics is continuing to bolster its portfolio of urban logistics space with the commencement of steelworks on three units, totalling more than 185,000 sq ft, at its brand-new development in Basingstoke.
St. Modwen Park Basingstoke is a 11.3-acre site and will be developed in several phases with the first phase set to complete in Q3 of this year. Three units of 36,987, 51,572 and 97,781 sq ft will be delivered, providing sought-after urban logistics and industrial space for the area. The scheme is scheduled for completion in late July 2021.
Strategically located between Junction 6 and 7 of the M3 and within 2 miles of Basingstoke town centre, St. Modwen Park Basingstoke is well placed to capitalise on the town’s existing diverse economy, providing fast access to London and Southampton.
St. Modwen Logistics’ plans could create a further 250 new jobs for the region, with the scheme designed to help meet the growing demand for high-quality logistics space in the area. Alongside job generation, the company is also investing funds into the town to further boost prospects in the region.
David McGougan, Senior Development Manager at St. Modwen Logistics, commented:
“St. Modwen Park Basingstoke is a prime example of our purpose of Changing Places. Creating Better Futures. The site will deliver much-needed urban warehouse space for the region at an industry-leading standard and we look forward to welcoming new occupiers to the scheme this year.”
Marketing agents for the site are London Clancy, Hollis Hockley and Savills.
Bonnie Minshull, Director at Savills UK, added:
“We’re confident the new scheme will attract many high-quality businesses to the area. The position and quality of the units currently being developed at St. Modwen Park Basingstoke make it the ideal hub for businesses looking for an urban warehouse in an easy-to-access location.”
Andrew Newman, Consultant at Hollis Hockley, added:
“The demand for urban warehouse space in this region continues to grow, so it is great to see St. Modwen Logistics working to meet that demand with a range of new, innovative, design-led commercial units.”