St Modwen Logistics has acquired two modern warehouse units in Burton-upon-Trent and Coventry totalling 561,400 sq ft, for an undisclosed price.
In Burton-upon-Trent, the company has acquired a 381,000 sq ft unit on the Centrum West Logistics Park (pictured), which serves as freight company Palletforce’s UK headquarters and three miles south of Coventry city centre St Modwen has purchased a 180,400 sq ft distribution unit occupied by Palletline in Middlemarch.
Oliver Smith, senior investment manager at St Modwen Logistics, said: “These facilities in Coventry and Burton-upon-Trent present a rare opportunity to acquire prime warehouse units in the logistics ‘golden triangle’ and are part of the wider vital national infrastructure that are fundamental to supply chains.
“Alongside our ongoing development programme, they will meet the strong demand for high quality developments, allowing our customers to run and grow their businesses while helping them achieve their ESG ambitions.
“Both units offer excellent connectivity by road and access to a large logistics workforce, which make them future proof as distribution hubs and we remain committed to expanding our footprint in the UK’s core logistics locations and are well-placed to capitalise on market opportunities.”
