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Indurent secures planning Midbox scheme
30 August 2024
Indurent (previously St Modwen) has secured planning approval for a 432,000 ft2 midbox warehouse scheme in Lichfield in the West Midlands.
By Liza Helps Property Editor Logistics Matters
KNOWN AS Indurent Park Lichfield the facility will comprise eight Midbox units ranging from 36,00 – 83,000 ft2 reflecting high demand for mid-sized warehousing from local and national businesses in the region.
Indurent Senior Planning Manager Jessica Evans said: “The approval of Indurent Park Lichfield will help to address the region’s acute undersupply of modern mid-box warehousing.”
Construction of the speculatively developed scheme is expected to commence in 2025, with the first phase of completion due in 2026.
Each unit will be built to acheive a minimum BREEAM Excellent and EPC A rating. The units will all benefit from the installation of solar PV, which is expected to offset on-site energy demand by c.75%, with all office space powered by renewable energy. The development is also forecast to deliver a 13% biodiversity net gain through the planting of new woodland and grassland on-site.
Indurent Park Lichfield forms part of a wider mixed use scheme owned by the developer which secured outlie planning in 2022. The outline permission granted consent for the construction of up to 520 dwellings and an area of up to 31.5 acres for the provision of employment floorspace.
The employment scheme is expected to create 250 jobs during the construction process. Once complete, the park is expected to support an additional c. 820 full-time jobs across a range of positions, with each unit complementing high-quality warehousing with grade A office space to house administrative and executive functions, alongside traditional warehousing roles.
Indurent was formed in July 2024 following the integration of Industrials REIT and St Modwen Logistics both owned by real estate investor group Blackstone. Indurent owns and operates 27 million ft2 of industrial and logistics space across the UK. In Staffordshire, its assets include Indurent Park Stoke Central and the 1 million ft2 Indurent Park Burton where the final phase of development is near to completion.
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