St Modwen Logistics has announced that it will deliver 450,000 ft2 (41,800 m2) of warehouse space at St Modwen Park Chippenham, including the company’s largest speculative development in the region, a 342,000 ft2 warehouse unit.
The development, which is under construction by Winvic and is set to complete in summer 2023, also includes an additional 110,000 ft2 unit.
The buildings are being built to high environmental standards and targeting a BREEAM ‘Excellent’ rating. Sustainable features include solar 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.
This latest project further demonstrates St Modwen Logistics' commitment to the region, with 860,000 ft2 of development work scheduled for completion in 2023, the company said in a statement.
‘There is an acute undersupply of high-quality warehousing 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,’ said Peter Davies, development firector, St Modwen Logistics.
‘Our decision to progress with the expansion of St Modwen Park Chippenham and the delivery of our largest ever speculative development is testament to both the strength of the business’ investment and development expertise, and to the resilience of occupier demand in the South West.’
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 has delivered 2.2 million ft2 of developments.
