Bringing you live news and features since 2006 

St Modwen breaks ground on second phase of development at Gloucester scheme

RELATED TOPICS​

The second phase of development is underway at St Modwen’s 58-acre industrial and logistics park in Gloucester with the commencement of construction works.

Four speculative units are set to be delivered at St Modwen Park Gloucester, ranging from 36,000 sq ft to 55,000 sq ft, providing high quality industrial and warehouse space with direct access to the M5 motorway at Junction 12 and excellent prominence and visibility.

Build to suit opportunities will also be available across the remainder of the site up to 300,000 sq ft.

Work is expected to be completed by Summer 2021, with the new units accommodating up to 250 jobs for the Gloucestershire area.

The scheme’s expansion follows a successful first phase of speculative delivery at the scheme. Three units scaling 45,000 – 73,000 sq ft were completed in January this year and are now fully let. 

Earlier this year, global water treatment and magnetic filtration manufacturer ADEY Innovation became St Modwen Park Gloucester’s first occupier, before multi-channel cookware retailer ProCook followed, taking 56,000 sq ft in July.

St Modwen’s four new units are also designed to cater for modern day occupier needs with various green initiatives, including electric car charging points and an EPC ‘A’ rating.

James Irwin-Singer, Development Manager at St Modwen Industrial & Logistics, says: “The success of our first phase in Gloucester – even in spite of the pandemic – strengthened our commitment to push on and speculatively deliver four more units. This second phase provides a further opportunity for industrial and logistics businesses to take advantage of this popular, growing scheme and the direct access we have created to the M5 at Junction 12.” 

Joint agents for the scheme are Alder King Property Consultants and DTRE. 

Adrian Rowley, Partner at Alder King Property Consultants, adds: “St Modwen Park Gloucester offers unrivalled transport links, giving occupiers the ability to easily carry out operations across the UK and overseas. It is well-located for easy access to existing Gloucester amenities and within half a mile of the M5, providing wider regional and national road connections.”

Alice Hampden-Smith, Associate Partner at DTRE, says: “Securing occupiers at Phase 1 of St Modwen Park Gloucester so soon after completion shows that St Modwen is highly-skilled in speculatively developing high-quality space akin with the market’s requirements. We suspect that the four new units within Phase 2 will command similar interest and won’t be around for long.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by