Hellmann Worldwide Logistics, will become the first tenant at St Modwen’s 1m sq ft Burton Gateway as the developer unveils a 7.5m sq ft Midlands warehouse development pipeline.
Hellman has taken a 10-year lease on a 87,716 sq ft speculative unit at the 280 acre Burton Gateway site close to the A38. Nearby occupiers include Pirelli, Unilever, Boots, Rolls Royce, Tesco and Toyota.
St. Modwen has identified 7.5m sq ft of high quality industrial and logistics projects deliverable over the next few years. During 2017 the Company expects to develop 1m sq ft of industrial and logistics space across its UK portfolio, of which 50% is already sold, let or pre-let.
Ian Romano, Development Director at St. Modwen, said: “The letting to Hellman Worldwide Logistics at Burton Gateway for their next distribution hub demonstrates the ongoing demand for logistics and distribution space in the Midlands area.
“We will shortly submit further planning applications for four more industrial units ranging from 25,000 sq ft up to 110,000 sq ft which will be available from Autumn 2018.”
St. Modwen has also recently submitted a detailed planning application for the first phase of development at its 35 acre site close to the M42, known as Tamworth Logistics Park. Phase one comprises 90,000 sq ft of three proposed which units between 12,375 and 49,000 sq ft while outline planning consent for industrial, storage and distribution uses for the full 677,000 sq ft site was obtained in January 2017.
Savills and Knight Frank advised St. Modwen on the Burton Gateway letting.
Colliers advised Hellmann Worldwide Logistics.