St. Modwen acquires cold storage facility in Derbyshire

St. Modwen acquires cold storage facility in Derbyshire

St. Modwen has continued its expansion in the Midlands with the acquisition of a 56,760 sq ft cold storage distribution facility in Alfreton, Derbyshire.

The modern, two-chamber cold storage distribution facility is located on the Clover Nook Industrial Estate in Alfreton, adjacent to the A38 and Junction 28 of the M1 motorway and on the major North-South distribution corridor.

The site spans 5.31 acres with low site coverage of 25% and currently provides 161 car parking spaces and a further 30 dedicated HGV bays with the capacity to accommodate the installation of EV charging points.

Alfreton, by virtue of its central location equidistant from Nottingham and Derby, has become one of the UK’s major submarkets for distribution and logistics companies. There is strong local demand for high-quality mid box distribution centres with strong transport connectivity, seeing high levels of take-up among occupiers seeking urban depots to serve surrounding towns and cities. Supply of suitable mid box schemes within the Midlands is limited, with low levels of available stock and significant competition between occupiers for best-in-class units.

Polly Troughton, Managing Director, St Modwen Logistics, commented: “The acquisition of this high-quality, modern facility allows us to further expand our footprint in one of the UK’s most competitive logistics locations.

“Our continued acquisition and development of high-quality logistics space within undersupplied regional submarkets across the UK fuels the growth of regional economies. Our schemes create high-quality jobs for local people of all ages and all education levels, directly supporting the government’s levelling up agenda.”