St Modwen Logistics has let 76,000 sq ft of logistics space at the circa 345,000 sq ft St Modwen Park Newport in two separate deals.
Aviva-owned accident repair group Solus has leased a 24,000 sq ft unit to be used as a centre for paint repair work and a 52,500 sq ft unit at the park has been let to an unnamed ecommerce business.
The EPC A rated units have been built to St Modwen’s ‘Swan Standard’ of sustainable development and incorporate various energy efficiency features including LED lighting and PV panels.
Ben Quarrie, development director at St Modwen Logistics, said: “We are pleased to be welcoming Solus to St Modwen Park Newport, with this deal adding to the growing number of businesses already operating at the park. We know how important access to the national transport infrastructure is for our customers and being placed at the gateway to South Wales makes Newport an ideal location for Solus and our community of businesses to thrive.
“There remains an acute undersupply of suitable logistics space in the region and we are continuing to explore opportunities to deliver even more space, including the possibility of a variety of bespoke, build-to-suit units up to 600,000 sq ft for interested companies.”
