St. Modwen has completed a deal to bring French car manufacturer, Peugeot, to its GBP260m (US$331m) industrial and logistics scheme in Avonmouth, UK.
Occupying a 44,640 sq ft unit on a ten-year lease, Peugeot will operate a warehouse distribution facility from St. Modwen Park.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sitting adjacent to Junction 18 of the M5, the site is near Avonmouth Docks and located within a four-hour drive of nearly 80% of the UK’s population.
More than 1m sq ft of warehouse and industrial space has been delivered at St. Modwen Park Access 18 to-date, accommodating 16 businesses, including Ocado Retail, Hermes Parcelnet, Nisbets and healthcare distributor, Movianto. Once complete, the development is expected to create more than 2,200 jobs.
“Peugeot’s requirement for high-quality, well-located and flexible space meant St. Modwen Park Access 18 was a natural choice for its business,” said St Modwen Industrial & Logistics development director, Peter Davies.
The site is home to the South West’s largest speculative industrial and logistics unit and forms part of St. Modwen’s biggest-ever committed industrial and logistics pipeline, standing at 1.6m sq ft nationally.
The site also contributes to St. Modwen’s longer-term pipeline of more than 15m sq ft.
