St. Modwen Logistics is to build a 342,000ft² speculative warehouse at its St. Modwen Park Chippenham scheme in the South West.
The warehouse will be one of two on the site with a further 110,000ft² unit also being developed. Both units are currently under construction by Winvic and are set to be completed in summer 2023.
The buildings are being built to high environmental standards and targeting a BREEAM ‘Excellent’ rating. Sustainable features of the new warehouses include solar photovoltaic (PV) panels, which generate a significant proportion of clean energy used by the offices, making them net zero carbon in operation. The developments will also include a proportion of parking spaces reserved for electric vehicle charging points and smart energy management systems which contribute to an EPC A+ rating.
The site is less than a mile form Junction 17 of the M4 motorway.
Work is also progressing on three new units at St. Modwen Park Access 18 Avonmouth, whilst in nearby South Wales, four new warehouse units at St. Modwen Park Newport were recently completed.
Peter Davies, Development Director at St. Modwen Logistics, said: “There is an acute undersupply of high-quality warehousing [in Chippenham]and we are responding to that by delivering new schemes capable of creating hundreds of jobs for local people and providing occupiers with fit-for-purpose, sustainable logistics space.”
The new developments support the continuing expansion of St Modwen’s logistics platform, which was acquired by Blackstone – the world’s largest alternative asset manager – in 2022. Since then, the business delivered 2.2 million ft² of developments with industry leading ESG credentials. In addition, over 1 million ft² of space has been acquired in the last 6 months.