St. Modwen breaks ground on second phase of development in Newport
The second phase of development is underway at St. Modwen’s popular industrial and logistics scheme in Newport.
Two units of 30,000 sq ft and 100,000 sq ft are set to be delivered, providing high-quality industrial and warehouse space. Strategically located at the gateway to South Wales, St. Modwen Park Newport is 12 miles from Cardiff and 20 miles from Bristol with close access to J23a and J24 of the M4.
The scheme’s expansion follows the success of the first two phases which provided new buildings for both Amazon and CAF’s new train production facility – a total of 215,000 sq ft of space has been completed and occupied to date.
The two new units, which are being speculatively developed, are designed to cater for modern occupier needs with high bays, top specification offices, generous car parking and ample yard space.It is expected that the units will be ready for occupation by late May 2021.
James Irwin Singer, Development Manager at St. Modwen Industrial & Logistics, said: “The first two phases of the development were a resounding success and are currently occupied by two highly-successful companies. This reinforces the credentials of St. Modwen Park Newport as a sought-after industrial and logistics location. The next phase provides a further opportunity for both manufacturing and distribution businesses to take advantage of this popular, growing scheme where we’re already seeing the benefits of the removal of the Severn Bridge toll.”
Joint agents for the scheme, Neil Francis of Knight Frank, Chris Yates of Cushman and Wakefield, and Heather Lawrence of JLL, added: “St. Modwen Park Newport offers unrivalled transport links thanks to its close proximity to Junction 23a of the M4 Motorway, giving occupiers the ability to easily access the South West and Wales. There is currently a lack of Grade A space within the South Wales market and we’ve already received good levels of enquiries wanting better quality space. We suspect these two new units won’t be on the market for long.”
For more information, visit: stmodwenlogistics.co.uk/property/st-modwen-park-newport