St. Modwen Logistics, one of the UK’s leading logistics developers and managers, has completed the construction of four new high-quality, sustainable warehouses totalling c. 116,000 sq ft at St. Modwen Park Newport in Wales. Developed in response to growing demand in the region and to support business growth, one building totalling 17,000 sq ft has already been pre-let to adhesive manufacturer Ureka Global.
The quartet of buildings are EPC A-rated and hold a BREEAM ‘Very Good’ accreditation, helping potential occupiers meet their own ESG targets and reduce energy usage through the inclusion of a range of energy-efficient features. Built in line with St. Modwen’s ‘Swan Standard’ approach to sustainable construction, the buildings feature intelligent and sustainable LED lighting, smart metering and rainwater harvesting. Air source heat pumps are used for heating the office elements of the warehouses and solar (PV) panels on the roofs provide a proportion of the power for each unit, as well as encouraging greener ways of commuting through the inclusion on EV charging points and dedicated cycling routes.
St. Modwen Park Newport is strategically located to provide excellent connectivity to South Wales and South West England, with Junction 23A of the M4 motorway within two miles of the park via Queen’s Way, and Cardiff and Bristol reachable within 12 miles and 30 miles respectively. The estate and surrounding area benefit from the de-tolling of the Severn Bridges, further enhancing its accessibility by road.
116,000 sq ft of space completed with 17,000 sq ft pre-let
The delivery of these warehouses takes St. Modwen Park Newport to c.345,000 sq ft of warehouse space and the estate is already home to the likes of Amazon, Genpower, CAF and Mitel. Phase 4, which comprises an additional 263,000 sq ft of best-in-class logistics space, is due to complete in Summer 2023.
Mark Snow, Senior Development Director, at St. Modwen Logistics, commented: “St. Modwen Park Newport is located in Wales’ fastest-growing city, with nearly half a million people within a 30 minute drive, which underpinned our decision to bring these units forward speculatively. The park is already home to a number of leading businesses and has a range of warehouse uses, and the addition of over 100,000 sq ft of modern logistics space will provide opportunities for companies to grow, supporting a diverse mix of employment opportunities.”
Alex Nunn, Managing Director, Ureka Global, said: “After a period of sustained growth, we are incredibly excited to be moving into our new building at St. Modwen Park Newport. Having access to the M4 and wider motorway networks is critical to our business and, having looked at various locations, it quickly became apparent that Newport was the perfect spot for us.
“This move will allow us to bring all of our stock under one roof and ensure we are able to continue delivering for our customers to help them out of whichever sticky situation they find themselves in.”
Councillor Jane Mudd, leader of Newport City Council, said: “It’s fantastic to see St. Modwen investing in speculative builds at St. Modwen Park Newport. This reflects the confidence they have in Newport as a city, recognising our fantastic connectivity, availability of workforce, and the great quality of life we can offer. The fact that the new units have already attracted interest demonstrates this confidence is well placed, and we’d like to welcome Ureka Global to Newport. The new jobs and investment they bring enhances our reputation as a place to come and do business.”