Romac Logistics has leased a spec built 113,470 sq ft warehouse at Hilton Cross Business Park in Wolverhampton.
The chilled food firm has signed a 15-year lease on the unit, which is one of three new units totalling 224,000 sq ft constructed on a 12-acre site known as Wolf Pack.
Barberry Industrial acquired the site from South Staffordshire Council and subsequently sold it to Knight Frank Investment Management (KFIM) for its client Local Pensions Partnership Investment in 2022 with a forward commitment to buy the completed buildings. KFIM has worked with Barberry to secure the letting of all three units, which were built by main contractor Benniman Construction.
Jon Robinson, development director at Barberry Industrial, said: “We are thrilled to welcome Romac Logistics to our highly successful speculative development at Wolf Pack. Romac is a very ambitious company and is bringing investment and new jobs to the West Midlands. We are very pleased to have them as another high-quality Barberry customer. In creating Wolf Pack, we have delivered a market leading speculative development in the form of a new, Grade A industrial and logistics hub in Wolverhampton and all three units are now fully let.
“Our new buildings are built with sustainability credentials in mind that will benefit Romac by reducing occupational costs and fulfilling many environmental, social and corporate governance ratings in measuring the sustainability and social impact of our buildings. We continue to provide the much-needed quality accommodation for businesses to expand their operations within the West Midlands, securing employment and creating new jobs.”
Rob McAdoo, owner of Romac Logistics, added: “This strategic move represents a significant milestone in Romac Logistics’ journey and reflects our commitment to providing pioneering and sustainable end-to-end logistics solutions while meeting the evolving needs of our customers. We are confident in our ability to contribute positively to the local economy and we look forward to leveraging this high specification facility to further expand our operations and growth in this strategic location.”
John Styles, of KFIM, said: “This investment was part of a programme of upgrading our logistics portfolio to meet modern sustainability and occupier requirements. We are pleased to have formed another productive developer relationship with Barberry, who have demonstrated their ability to deliver very high quality buildings and to access the occupier market in the Midlands.”
Steve Jaggers, of JLL, joint letting agent of the scheme, said: “It was a pleasure working with Romac Logistics, Barberry and KFIM to secure the final letting at the Wolf Pack development. Being situated just off junction one of the M54, the scheme has excellent road links to the wider West Midlands and North West motorway networks and is ideal for an operation such as Romac Logistics. I’m sure they will be a real asset to the estate and local area.”
