St. Modwen Logistics pre-lets 17,000 sq ft in Newport

St. Modwen Logistics pre-lets 17,000 sq ft in Newport

St. Modwen Logistics has pre-let 17,000 sq ft of space at its Newport logistics park to adhesive manufacturer Ureka Global.

Ureka, which is locating from Bristol to Newport, is taking one of four newly completed units at the Park, which together total c. 116,000 sq ft and are all built to an EPC A rating and BREEAM ‘Very Good’ accreditation.

The quartet of buildings are EPC A-rated and hold a BREEAM ‘Very Good’ accreditation, helping potential occupiers meet their own ESG targets and reduce energy usage through the inclusion of a range of energy-efficient features. Built in line with St. Modwen’s ‘Swan Standard’ approach to sustainable construction, the buildings feature intelligent and sustainable LED lighting, smart metering and rainwater harvesting.

Air source heat pumps are used for heating the office elements of the warehouses and solar (PV) panels on the roofs provide a proportion of the power for each unit, as well as encouraging greener ways of commuting through the inclusion on EV charging points and dedicated cycling routes.

St. Modwen Park Newport is strategically located to provide excellent connectivity to South Wales and South West England, with Junction 23A of the M4 motorway within two miles of the park via Queen’s Way, and Cardiff and Bristol reachable within 12 miles and 30 miles respectively. The estate and surrounding area benefit from the de-tolling of the Severn Bridges, further enhancing its accessibility by road.

The delivery of these warehouses takes St. Modwen Park Newport to c.345,000 sq ft of warehouse space and the estate is already home to the likes of Amazon, Genpower, CAF and Mitel. Phase 4, which comprises an additional 263,000 sq ft of best-in-class logistics space, is due to complete in Summer 2023.

Mark Snow, Senior Development Director, at St. Modwen Logistics, commented: “St. Modwen Park Newport is located in Wales’ fastest-growing city, with nearly half a million people within a 30 minute drive, which underpinned our decision to bring these units forward speculatively. The park is already home to a number of leading businesses and has a range of warehouse uses, and the addition of over 100,000 sq ft of modern logistics space will provide opportunities for companies to grow, supporting a diverse mix of employment opportunities.”