M42 logistics park will create 1,700 new jobs
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