An unnamed international e-commerce solutions provider has signed a 15-year agreement to occupy St. Modwen Industrial and Logistics’ Tamworth site, upon completion of the project.
The 321,204 sq ft speculatively-built unit will be used as a distribution centre for a provider of supply chain solutions for cross-border e-commerce companies.
Situated five minutes from Birmingham Intermodal Freight Terminal, the logistics park has already let units to both the electrical installation company, SM UK, and the supply chain packaging firm, Euro Pool System.
Katie Monks, associate director at Savills, who advised on the deal, said: “The location and specification of St. Modwen Park Tamworth have proved popular and this recent letting illustrates the underlying demand for quality, big-box industrial units in the West Midlands.
“With this now complete, our focus has turned to the next phase of the speculative development on the wider 35-acre park, providing more opportunities for businesses to base themselves at Junction Ten of the M42.”
St. Modwen completed 1.2m sq ft of developments throughout 2020, and has set a target of 1.5m sq ft for 2021.
Gregg Titley, development director for industrial and logistics at the group, acknowledged the “significant” growth it achieved last year through its T321 site.
He said: “The completion of T321 – one of our largest speculative industrial and logistics builds – was a significant moment for us last year and signified our growth plans as a business.
“We’re delighted to be welcoming a global logistics firm to St. Modwen Park Tamworth and look forward to working in partnership with them as they take advantage of the site’s range of additional benefits.”