Logistics developer makes double swoop

St. Modwen Logistics has completed a deal to buy a brace of warehouse units, including one in Burton-on-Trent.

The firm, which is behind the new St. Modwen Park Derby business park, has acquired a 381,000 sq ft unit on the Centrum West Logistics Park, occupied by freight company Palletforce.

The property is located in the heart of Burton and is close to St. Modwen Park Burton and adjacent to the A38 dual carriageway.

St. Modwen Logistics has also acquired a 180,400 sq ft distribution unit located near Coventry, which is occupied by Palletline.

Oliver Smith, senior investment manager at St Modwen Logistics, said: “These facilities present a rare opportunity to acquire prime warehouse units in the logistics ‘golden triangle’ and are part of the wider vital national infrastructure that are fundamental to supply chains.

“Both units offer excellent connectivity by road and access to a large logistics workforce, which make them futureproof as distribution hubs and we remain committed to expanding our footprint in the UK’s core logistics locations and are well-placed to capitalise on market opportunities.”