The property investment and development business secured planning permission for almost 480,000 sq ft of space from North Warwickshire Borough Council.
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The 35-acre site will become home to St Modwen’s largest speculatively built unit - a 318,500 sq ft industrial and logistics facility.
Gregg Titley, development director at St Modwen, said: “This is a genuine landmark for St Modwen and shows our confidence in the market.
“St Modwen Park Tamworth is a key site in the delivery of our strategy and the fact that work is already underway on the scheme’s first phase, with a second phase now kicking into action, demonstrates our confidence in the site’s location and its attractiveness to our customers.”
Guy Gusterson, property director at St Modwen, said: “As our largest-ever speculative build, St Modwen Park Tamworth will become a major warehouse development and a key employment site for the Midlands.
“This latest move by St Modwen reinforces our commitment to the market, creating high-quality space for customers and delivering on our strategy of significantly growing our portfolio by up to 2 million sq ft annually.”
The St Modwen Park Tamworth site is due for completion by December 2019 and is anticipated to create over 1,000 new jobs in the area and address the lack of supply of industrial and logistics units in the region.
The development builds on St Modwen’s growth in the UK industrial and logistics sector, including a committed pipeline of 1.5 million sq ft.