St Modwen Logistics has completed two acquisitions totalling 175,000 sq ft in Birmingham and Manchester, for an undisclosed price.
In Birmingham, the company picked up the six-unit, circa 80,000 sq ft Network Park industrial estate (pictured) and in Manchester it has acquired the circa 95,000 sq ft Ashburton Park estate.
James Cooper, head of transactions, at St Modwen Logistics, said: “These acquisitions further expand our footprint in two of the UK’s most established and competitive industrial and logistics locations, offering our customers access to national and international distribution networks, as well as to large urban populations which increasingly value next-day and same-day delivery services.
“We are continuing to explore additional opportunities to grow our portfolio through the development and acquisition of best-in-class logistics space in areas of structurally high demand.”
