St Modwen Logistics has completed the construction of four new sustainable warehouses totalling circa 116,000 sq ft at St Modwen Park Newport.
The developer has already pre-let one building of 17,000 sq ft to adhesive manufacturer Ureka Global. The new buildings are EPC A rated and have BREEAM Very Good accreditation.
St Modwen has now delivered around 345,000 sq ft of warehouse space at St Modwen Park Newport and is due to complete phase four, which comprises an additional 263,000 sq ft of logistics space, this summer.
Mark Snow, senior development director at St Modwen Logistics, said: “St Modwen Park Newport is located in Wales’ fastest-growing city, with nearly half a million people within a 30-minute drive, which underpinned our decision to bring these units forward speculatively. The park is already home to a number of leading businesses and has a range of warehouse uses, and the addition of over 100,000 sq ft of modern logistics space will provide opportunities for companies to grow, supporting a diverse mix of employment opportunities.”
Alex Nunn, managing director at Ureka Global, added: “After a period of sustained growth, we are incredibly excited to be moving into our new building at St Modwen Park Newport. Having access to the M4 and wider motorway networks is critical to our business and, having looked at various locations, it quickly became apparent that Newport was the perfect spot for us.
“This move will allow us to bring all of our stock under one roof and ensure we are able to continue delivering for our customers to help them out of whichever sticky situation they find themselves in.”
