St. Modwen Logistics, one of the UK’s leading logistics developers and managers, has let a 43,000 sq ft unit to ingredients production company Plant-Ex at St. Modwen Park Access 18 Avonmouth.
Earlier this year, Blackstone announced that from July 2024, St. Modwen Logistics’ portfolio of assets will become part of Indurent, a new pure play UK logistics champion. The business will have more than 200 assets totalling 26 million sq ft of logistics space.
This latest letting underscores the longstanding partnership between St. Modwen and Plant-Ex and will see the manufacturer occupy its fourth unit at the site, almost doubling its total footprint to 75,000 sq ft.
Plant-Ex will use the property to create a Centre of Excellence in product development and technical support, as well as increasing capacity in flavour compounding and savoury flavours. This allows for greater proactive customer interaction as Plant-Ex moves towards an increasingly consultative role with its existing and future customer base.
St. Modwen has been working with Plant-Ex since its formation in 2010, and supported its growth as a leading international, family-owned company specialising in the manufacture of natural colours, flavours and extracts used in food production. Co-founder Giles Drewett formed Plant-Ex in a 2,500 sq ft unit at St. Modwen Park Avonmouth, and has subsequently expanded at the park, employing more than 100 people across its business and generating annual revenues of approximately £25m.
