St. Modwen Logistics, one of the UK’s leading logistics developers and managers and a Blackstone portfolio company, has acquired c.150,000 sq ft of prime urban logistics space across four units in West Bromwich.
The assets are fully let to pallet manufacturer CHEP UK, specialist plumbing merchant Wolseley, wooden panel distributor Falcon Panel Products and heat treatment specialist ADI Treatments.
Doranda Way Industrial Park benefits from its prime location in the heart of West Bromwich’s thriving and well-established distribution area. The Park is strategically positioned adjacent to Junction 1 of the M5 motorway, and in close proximity to the M40 and M42 motorways, enabling customers to reach 85% of the UK population within a four-and-a-half-hour drive.
Doranda Way is also at the centre of a large and densely populated urban area, with Birmingham city centre just a 12-minute drive away and the Black Country on its doorstep, making it popular with national and regional businesses alike. As a sought-after logistics location, demand for high-quality warehousing in the area is high, but local supply is acutely constrained, pushing vacancy rates to record lows.
St. Modwen Logistics has acquired assets totalling more than 1 million sq ft of high-quality logistics space in the past six months, executing transactions in established and sought-after manufacturing and distribution locations around major UK cities. The company also developed over 2m sq ft of new, sustainable warehousing in key markets across the UK in 2022.
