St. Modwen Logistics secures planning on more than one million ft2 of space
St. Modwen Logistics has secured planning permission for more than one million ft2 of warehouse and industrial space in six locations nationwide.
Demand for logistics space has increased dramatically in the last 18 months and continues to rise, with Q3 year-to-date take-up 37% above the long-term annual average.
As a result, St. Modwen Logistics is experiencing growth in the Southwest region, where St Modwen Park Gloucester has recently been granted planning for 227,000ft2 of space with a further 115,572ft2 has approved for St Modwen Park Newport in Wales.
Planning consent is also secured in the Midlands region, with the final phases set to be delivered at St Modwen Park Lincoln, amounting to 459,440ft2, there is 80,000ft2 approved in St Modwen Park Broomhall in Worcester, approval for a 155,000ft2 unit at The Cofton Centre in Longbridge, Birmingham and 255,000ft2 at St Modwen Park Stoke Central, in Stoke-on-Trent.
Polly Troughton, Managing Director at St. Modwen Logistics, said: “This is another great step forward for St. Modwen Logistics and sets us up to deliver on our ambitious 2022 development programme and meet the strong customer demand for quality logistics space across the UK.
“Almost three quarters of our 1.5 million ft2 2021 pipeline is already pre-let or under offer, and this recent consent to further build over one million ft2 of space will help us create the much-needed warehouse space required across the UK currently.”