A 734-acre site near Birmingham is purchased by Joint venture developers Oxford Properties and Logistics Capital Partners with plans to build the UK’s largest logistics hub with an associated rail freight terminal.
Oxford Properties and Logistics Capital Partners plan to invest around £1bn in the site to the northwest of the city bringing the project to life over several years.
James Boadle, Head of Logistics and Residential, Europe at Oxford Properties, has stated that: “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.”
