M42 lo­gis­tics park will cre­ate 1,700 new jobs

Birmingham Post - - ADVERTISEMENT FEATURE - Tam­lyn Jones

AMA­JOR new in­dus­trial de­vel­op­ment with the po­ten­tial to cre­ate up to 1,700 new jobs is set to be built in Stafford­shire.

Birm­ing­ham-based re­gen­er­a­tion group St Mod­wen has submitted new plans for the first phase of de­vel­op­ment at Tam­worth Lo­gis­tics Park which is a 35-acre site close to junc­tion ten of the M42.

The ap­pli­ca­tion out­lines the first phase of 90,000 sq ft which com­prises three units rang­ing from 12,375 sq ft to 49,000 sq ft.

Out­line plan­ning con­sent for in­dus­trial, stor­age and dis­tri­bu­tion uses for the full 677,000 sq ft site was ob­tained in Jan­uary.

St Mod­wen said the new lo­gis­tics park was part of its grow­ing fo­cus on the de­vel­op­ment of in­dus­trial and lo­gis­tics sites in ar­eas of high de­mand across the UK.

Out of the com­pany’s over­all medium-term com­mer­cial pipeline, it has iden­ti­fied 7.5 mil­lion sq ft of high-qual­ity in­dus­trial and lo­gis­tics projects de­liv­er­able over the next few years.

It said it ex­pected to de­velop one mil­lion sq ft of in­dus­trial and lo­gis­tics space across its UK port­fo­lio, of which 50 per cent is al­ready sold, let or pre-let.

As part of the Tam­worth de­vel­op­ment, there will be 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.

Sub­ject to plan­ning, works are due to start on-site dur­ing the first quar­ter of 2018.

The ap­pli­ca­tion fol­lows the re­cent launch of the 153,000 sq ft unit known as CP153 at St Mod­wen’s Cen­tu­rion Park, lo­cated ad­ja­cent to Tam­worth Lo­gis­tics Park, which could cre­ate up to 200 ad­di­tional jobs in the area.

Gregg Tit­ley, de­vel­op­ment di­rec- tor at St Mod­wen, said: “Based on the ten-year av­er­age take up for new ware­houses in the West Mid­lands, the amount of space avail­able will be gone within one year.

“The de­vel­op­ment at Tam­worth Lo­gis­tics Park will there­fore de­liver much-needed ac­com­mo­da­tion in a strate­gic lo­ca­tion on the M42 cor­ri­dor for both dis­tri­bu­tion and man­u­fac­tur­ing com­pa­nies.”

Ran­jit Gill, di­rec­tor at Sav­ills which is joint let­ting agency for the site, added: “De­mand for well-lo­cated in­dus­trial and ware­house prop­erty re­mains strong with a lim­ited sup­ply of such ac­com­mo­da­tion be­ing built across the re­gion.

“Tam­worth Lo­gis­tics Park will of­fer the ideal mix of build­ings to meet lo­cal, re­gional and na­tional de­mand and we al­ready have some good early in­ter­est.”

Col­liers In­ter­na­tional is ting agency for Tam­worth Park. joint letL­o­gis­tics

> An artist’s im­pres­sion of the park

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