St. Modwen Logistics is continuing to grow its portfolio with the commencement of steelworks for a new 64,752 sq ft unit at St. Modwen Park Gatwick.
The unit forms part of the second phase of development at the site and is expected to be ready for occupation by mid-July 2021.
Once complete, St. Modwen Park Gatwick – which has been designed to meet the growing demand for big box and urban warehouse space in the area – is expected to create around 75 jobs across the region.
Strategically located adjacent to Junction 10 of the M23, serving both Gatwick and Crawley, St. Modwen Park Gatwick also offers easy access to the M25 and the south coast. The scheme is expected to help meet employment demand for the industrial and logistics sector across the region and has a gross development value of £31 million.
David McGougan, Senior Development Manager at St. Modwen Logistics, said: “This second phase of development at St. Modwen Park Gatwick will cater for the significant market demand for schemes of this nature within the region. With such a prime location close to the neighbouring airport and with outstanding road transport links, we’re confident in pressing on with our development plans.”
BNP Paribas Real Estate and DTRE are joint marketing agents for the site.
Jake Huntley, Partner at DTRE, added: “The plans St. Modwen have in place will be sure to attract many high-quality businesses to the area. The location and quality of the proposed unit means St. Modwen Park Gatwick is likely to be a highly sought-after site and we anticipate significant demand for this second phase.”
William Merrett of BNP Paribas Real Estate added: “The demand for logistics space in this region continues grow, so it is great to see St. Modwen working to meet that demand with a new, innovative, design led commercial unit.”