German auto supply chain business Gestamp takes nearly 600,000 sq ft at a Midlands site

The Four Ashes site near Wolverhampton will see Gestamp take 544,000 sq ft with the option to add upto another 100,000 sq ft.

The 52-acre site, developed by Bericote, has scope for a single cross-docked unit of up to 900,000 sq ft and is close to junction 12 of the M6 motorway. Tritax Big Box REIT will fund the scheme after as £56.3m deal. Data from Savills suggests the auto sector now accounts for 20 per cent of big box industrial take-up in the West Midlands.