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.
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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.
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By GlobalDataThe site also contributes to St. Modwen’s longer-term pipeline of more than 15m sq ft.
