GLENCAR ANNOUNCES COMPLETION OF FOUR-UNIT INDUSTRIAL DEVELOPMENT FOR ST. MODWEN LOGISTICS IN NEWPORT

The new 116,000 sq. ft sustainable scheme which was developed speculatively is the third development to date to be recently delivered by Glencar for St. Modwen Logistics, with one unit of 17,000 sq. ft already pre-let.

Glencar, a leading UK construction company that was recently ranked amongst Europe’s fastest growing businesses, has today announced the completion of four new high quality, sustainable warehouses totalling 116,000 sq. ft for leading logistics developer and manager St. Modwen Logistics at its St Modwen Park multi-unit logistics and industrial development in Newport.

Developed in response to growing demand in the region to support business growth, one building totalling 17,000 sq. ft has been pre-let to adhesive manufacturer Ureka Global.

The units are all EPC A-rated and hold a BREEAM ‘Very Good’ accreditation, helping potential occupiers to 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 is already home to the likes of Amazon, Genpower, CAF and Mitel. Phase 4, which comprises an additional 263,000 sq. ft of best-inclass logistics space, is due to complete in Summer 2023.