£1bn plan to build the UK’s largest logistics site

Aaron Morby 2 years ago
Share

Joint venture developers Oxford Properties and Logistics Capital Partners have bought a 734-acre site near Birmingham with plans to develop the UK’s largest logistics hub with an associated rail freight terminal.

West Midlands Interchange plan to advance early next year
West Midlands Interchange plan to advance early next year

Known as West Midlands Interchange, the partners plan to invest around £1bn in the site to the north west of the city bringing forward the project over several years.

West Midlands Interchange will be a technologically advanced and environmentally sustainable development.

The site, which was bought from Four Ashes – a partnership including Kilbride Holdings and Grosvenor Group – already has planning consent for around 8 million sq ft of prime logistics space.

Infrastructure works are expected to start in the first half of next year with the first buildings starting on site in 2022 ready for occupation in 2023.

The site can accommodate new warehouses ranging in size from 200,000 sq ft to over 1 million square feet, with building heights up to 30 metres.

As part of wider infrastructure improvements, Oxford and LCP will build a new link road to connect the A5 and A449, enhancing the resilience of the local road network to improve access to the site and achieve additional public benefit.

In addition, the project will create a strategic rail freight interchange, which will provide intermodal access for occupiers.

Sustainability sits at the heart of the site’s masterplan, which includes ctreating two new country parks of a combined 109 acres.  Warehouse roofs will be built to accommodate installation of photovoltaic panels, enabling the generation of renewable energy.

James Boadle, Head of Logistics and Residential, Europe at Oxford Properties, said: “Logistics remains one of our highest conviction calls globally, benefitting from substantial undersupply of prime new space while the growth of e-commerce and demand for expedited supply chains continues unabated, accelerated by the effects of Covid-19.”

 

Latest news

Buyers see brighter days ahead despite resi slump

"Construction can see a path through for better outcomes in 2023"
2 hours ago

Australian firm to buy £300m gigaplant backer Britishvolt

New owner vows to complete giant factory in Northumberland
5 hours ago

Project delays curb Ardmore growth ambitions

Refurb and housing specialist sees profit fall after challenging year of delays and supply chain failures
5 hours ago

Scaffolders and sparks strike at antibiotic plant

Engineering construction workers down tools in bonus pay row
4 hours ago

McAlpine bags £1bn Sellafield concrete structures deal

Contractor signs 17-year concrete structures and groundworks framework
14 hours ago

Moving in to new markets paying off for McLaren

Contractor carving out new niche as leading player in heavy refurbs
3 days ago

Heavy materials sales fall amid slowdown in starts

Light side product sales grow helped by pace of activity for refurbs and energy-efficient retrofits
4 hours ago

Plan to add retentions record to payment reporting law

Government consults on tougher reporting to include disputed invoices and retention policies
3 days ago

Morgan Sindall wins £88m Beckton DLR depot upgrade

Delayed work to start on Docklands Light Railway train maintenance depot in East London
3 days ago

Hare and Severfield win £250m Sellafield deal

Country's two biggest steelwork contractors secure 17-year framework
3 days ago

Max Steward returns to head up ISG’s Agility fit-out arm

Former ISG project director returns after three years to take up MD role
3 days ago

McLaren wins massive Portland House refurb

Construction to start this year on £380m revamp of 28-storey building in central London
4 days ago

Green light for £275m HS2 Midlands nerve centre

Trio of contractors battling it out to win huge new depot near Birmingham
4 days ago

Winners named for Government £10bn offsite framework

29 firms secure places on mega framework for schools, healthcare, defence and justice jobs
4 days ago

ISG, Amey and Costain now industry’s quickest payers – list

Average payment times from main contractors slip by a day
5 days ago

Staff at Outco Surfacing start looking for new jobs

Administration notice filed two years after acquisition of NMC Group
4 days ago

£4.75m building work provision tips Higgins into the red

Partnerships business counts cost of changes to building safety rules
4 days ago

John F Hunt snaps up London temporary works design firm

Demolition contractor buys geotechnical and structural engineering design specialist RKD Consultant
4 days ago

Vital Energi lands £13m package at Plumstead regen site

Specialist will start on site this summer helping to transform the former home of Arsenal FC
4 days ago

Galliford Try to start £14m Scunthorpe Market scheme

Firm will build NHS staff accommodation and offices in two phases
4 days ago

Vast £500m British Library expansion go-ahead

London Mayor still needs to give final nod to 800,000 sq ft extension at St Pancras site in London
5 days ago

Wates names new chief executive

Cork-born Eoghan O’Lionaird to join later this month
5 days ago

Keltbray director joins Barhale as North East chief

Mark Wood heads operations in Yorkshire and North East England
5 days ago

Major London City building green deep retrofit approved

St Bride’s Tavern near Fleet Street will be demolished for the building expansion
5 days ago

Gilbert Ash lands starring role in £38m Welsh theatre revamp

Contractor to start work this year on Theatr Clwyd upgrade
5 days ago

Property clients to ramp up spending on decarbonising

Survey reveals nearly half of property chiefs plan to speed up spending on net-zero programmes over next twelve months
5 days ago

Average self employed labour rates top £1,000 a week

Average weekly earnings reach high for skilled trades
6 days ago

BAM wins £49m Harrogate Convention Centre revamp

Local council hopes to sanction work start this autumn
6 days ago

Renaker to top-out Manchester with 71-storey skyscraper

Developer lifts the lid on planned five-building cluster for phase 3 of Great Jackson Street development
7 days ago

Costain bridge lift delayed by ground conditions

National Highways chiefs postpone planned lifting operation
6 days ago

Contractor services