Cool deal for logistics developer

St. Modwen Logistics is continuing to invest in Derbyshire following the acquisition of a cold storage distribution site in the north of the county.

The firm, which is currently constructing the £46.5 million St. Modwen Park Derby, has announced it has bought the 56,760 sq ft facility at Alfreton.

The modern, two-chamber cold storage distribution facility is located at the Clover Nook Industrial Estate, adjacent to the A38 and Junction 28 of the M1.

The site spans 5.31 acres and currently provides 161 car parking spaces and a further 30 dedicated HGV bays.

Polly Troughton, managing director at St. Modwen Logistics, said: “The acquisition of this high-quality, modern facility allows us to further expand our footprint in one of the UK’s most competitive logistics locations.

“Our continued acquisition and development of high-quality logistics space within undersupplied regional submarkets across the UK fuels the growth of regional economies.

“Our schemes create high-quality jobs for local people of all ages and all education levels, directly supporting the government’s levelling up agenda.”