St. Modwen Industrial & Logistics has completed a deal with global logistics solutions and supply chain management company, DB Schenker, to expand its current premises at Centurion Park in Tamworth.
DB Schenker, which is one of the world’s leading global logistics providers, has signed a seven-year lease on an additional 153,064 sq ft unit at the 21-acre site, creating up to 100 new jobs as a result of the deal.
An existing St. Modwen customer, DB Schenker is expanding on its current premises at another of the developer’s schemes, St. Modwen Park Doncaster, where it occupies 41,095 sq ft of space, alongside its 140,000 sq ft unit in Tamworth.
The new unit will be used by DB Schenker as a shared user facility accommodating new customer growth and provides the occupier with 14 dock level doors, two level access doors, and 141 car parking spaces.
Strategically located adjacent to Junction 10 of the M42, Centurion Park lies at the heart of the Midlands motorway network and is a popular logistics and distribution centre, boasting a high-profile occupier line up which includes DFS, Aldi, AAH Pharmaceuticals, and Speedy Hire.
Gemma Butler, Development and Leasing Manager at St. Modwen Industrial and Logistics, said: “We are pleased that DB Schenker has chosen to expand its premises at Centurion Park. As a long-standing customer of ours across the UK, we’re looking forward to seeing the firm grow and DB Schenker remains a great asset to our national portfolio of industrial and logistics occupiers.”
Eoghan Turner, Head of Real Estate, UK & Ireland at DB Schenker, added: “We are delighted to be upscaling our operations in the West Midlands and it was extremely helpful that we were able to expand our floor space without having to uproot and relocate. Right next to the motorway network, the location of Centurion Park is ideal for us and we look forward to growing our campus model here in Tamworth.”
Joint agents for the scheme are Lambert Smith Hampton and M1 Agency.
Matthew Tilt, Industrial and Logistics Director at Lambert Smith Hampton, added: “Centurion Park continues to perform well for St. Modwen and the convenient location makes the scheme a prime site for industrial and logistics firms of all sizes.”
Myles Wilcox-Smith, Partner at M1 Agency, added: “The popularity of the business park has evidenced the growing market demand for logistics space across the UK and highlights St. Modwen as a market-leader in delivering speculative, high quality industrial and logistics builds.”
This deal is the second major letting by St. Modwen since the beginning of 2021 and follows closely behind the letting of T321 at St. Modwen Park Tamworth to a large global ecommerce solutions provider.