A 35-acre M42 motorway corridor logistics scheme has been approved by planners as the Midlands mid-box logistics building boom gathers pace.
Midlands-based developer St. Modwen has rbeen given the go-ahead for the first phase of the site east of junction 10 of the M42, known as Tamworth Logistics Park.
St Modwen will develop 89,000 sq ft in three mid-box units, ranging from 12,000sq ft up to 49,000sq ft.
Work on the site will begin at the end of February, with completion planned for early 2019.
Gregg Titley, Development Director at St. Modwen, said: “Based on the current lack of supply of sub-100,000 sq ft new buildings and a strong enquiry level, we’re confident that the units will be filled quickly.”
Katie Aitchison from joint agents Savills, said: “There’s strong demand in this area for premium warehouse space and these three units, which will be built to the highest specification, will cater for the needs of local and regional businesses. With the lack of good quality space on the M42 corridor and indeed in the wider Midlands area, it’s unsurprising that we’ve already received strong interest from a number of occupiers.”
As part of the Tamworth development, St. Modwen will create a new access off Trinity Road to service the site. A substantial area of existing open space to the south-west of the site will also be retained, providing natural wildlife habitats.
Savills and Colliers are joint agents for Tamworth Logistics Park.