St. Modwen Logistics makes Impact with three industry awards


Category: News

The impact our work has on local businesses and communities is central to our values and influences everything we do.

Therefore, we were incredibly proud to have won three separate awards at this year’s CoStar Impact Awards. The awards are judged entirely by regional industry experts, rather than via submissions from hopeful winners, so to receive accolades from our peers makes these victories all the more sweet.

On the development side, we were awarded Commercial Development of the Year in both the East Midlands and Wales regions, whilst our transactions team were also recognised, bagging the Acquisition of the Year award in the West Midlands.

At St. Modwen Park Derby, judges were impressed by the specification of Getinge‘s Global Centre of Excellence for Chemistry and UK HQ, praising the building’s sustainability credentials and impact on the East Midlands as a result.

“This is an impressive scheme that has proven to be a fantastic success so far, with more to go. The specification of the buildings is to the highest environmental standards and the scheme has already attracted a key tenant in scientific laboratory supplies. This is very encouraging news for Nottingham and the wider East Midlands.”

Keith Lowan, principal lecturer at Nottingham Trent University

Meanwhile, our “thriving” St. Modwen Park Newport scheme was also championed for its sustainable design and its ability to attract big names as occupiers.

Richard Jones, chief executive, Paramount D&B, said: “Clearly this development is thriving, due to the location, following the removal of the Severn Bridge Tolls and attracting occupiers such as Amazon, Mitel etc make this a worth winner in my opinion.”

Ann-Marie Smale MBE, managing director, Powell Dobson Architects added: “[SMP Newport is a] Great example of regeneration of industrial site through flexible development options for new innovative industries to support economic growth for the region.”

Finally, the scale of our deal to purchase the Titan 10 unit in Bilston, was described as “impossible to ignore” as it picked up the Acquisition of the Year award in the West Midlands. Home to Pallet-Track for more than 15 years, Titan 10 handles more than 8,000 pallets per night as was described at the time of purchase as a “rare opportunity” to acquire a “business-critical logistics facility”.

Judge Carl Potter, regional offices senior director at Avison Young, said: “[This is] a great example of a strategic purchase that has long-term added value as the location improves over time.”

“The scale of this transaction is impossible to ignore. In terms growth and diversification, this acquisition represents ongoing commitment and confidence in a market sector, which remains a real bell-weather of the West Midlands economy.”

Charles Warrack, director at Fisher German

CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards here.