St. Modwen Logistics secures 75,000 sq ft customer expansion at Warwickshire business park


Category: News

St. Modwen Logistics, one of the UK’s leading logistics developers and managers, has leased an additional 75,000 sq ft of high-quality logistics space to the Keplin Group, a specialist in distribution and logistics for the e-commerce sector, at its Meon Vale Business Park near Stratford-upon-Avon.

The Keplin Group has also signed a deal with St. Modwen Logistics to extend its lease by five years on a neighbouring 43,000 sq ft unit on the Park, which it has occupied since 2019. The firm now occupies c.120,000 sq ft of space at the Park, testament to the scheme’s outstanding national transport links and the quality of warehousing on-site.

Earlier this year it was 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.

Meon Vale Business Park comprises c.900,000 sq ft of flexible and sustainable warehousing and office space, with major occupiers including Ford, Reddipak Ltd, Unipart and XPO Logistics. The Park is part of St. Modwen’s broader 479-acre mixed-use Meon Vale scheme, which is home to a £5 million leisure centre, community centre, retail space, 1,050 residential properties and more than 35 acres of woodland.

The Park, located six miles south of Stratford-upon-Avon, benefits from easy access to the M40, M42 and M5, offering customers access to strong nationwide road links as well as a talented local labour pool.

St. Modwen Logistics was advised by Bromwich Hardy.

“Maintaining and building upon strong relationships with existing customers is central to St. Modwen Logistics’ success. The Keplin Group’s expansion at Meon Vale demonstrates the positive outcomes of our partnerships with customers to support their ongoing growth. The deal also showcases the Park’s strong appeal to leading national distributors, owing to its provision of well-located, cost-effective bulk storage units.”

Yafeth Asher, Asset Manager at St. Modwen Logistics

“Flexible, well-located warehouse space is vital to our business in reducing our customers’ vehicular miles and delivery times, and overall carbon footprint. Our expansion at Meon Vale and continued partnership with St. Modwen will support our future growth.”

Raman Mehra, CEO at Keplin Group