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St. Modwen Logistics completes letting in Gloucester to global energy services provider

8 June 2021
The Business Magazine article image for: St. Modwen Logistics completes letting in Gloucester to global energy services provider

Global energy services and equipment provider Schlumberger has signed a pre-let on a 55,000 sq ft unit at St. Modwen Park, Gloucester.

The news follows a series of deals this year for St. Modwen Logistics, which has seen the developer lease one million sq ft of space to new customers since the start of 2021, reaffirming the current appetite for urban and big box warehouses. Customer names include DB Schenker, Gardiner Brothers & Co, Super Smart Services, DWK Life Sciences and Euro Star Global – equating to 1,060,769 sq ft of space let across the UK.

Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.

Polly Troughton, Managing Director at St. Modwen Logistics, said: "Our successful first half of 2021 is testament to the quality of our locations across the country and our commitment to delivering the highest quality product in line with our Swan Standard which puts sustainability and customer needs at the heart of our specification. Looking forward, we are committed to delivering more high-quality big box and urban logistics parks across the UK to meet the increasing demand by our customers and the wider market.”

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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