A leading global real estate investor, asset manager and business builder, and the real estate arm of the Canadian pension fund OMERS, aiming to build a £5 billion European logistics portfolio. Made its debut in UK logistics alongside LCP with the acquisition of the British Airways campus at Heathrow in 2020.
A best in class developer and asset manager of logistics real estate across the UK and wider Europe. Privately owned, with a track record of delivering the biggest and highest spec logistics space on the market.
A DCO approved development site, with consent to develop
a key strategic rail freight interchange in the West Midlands and
deliver up to 8 million sq ft of Class A Logistics warehousing.
Development Consent Order in place for the logistics space as part of the freight interchange connected directly to the West Coast Mainline.
The largest logistics development site in the whole of the UK, and also one of the largest in Europe.
With flexibility in unit size and configuration, the plan is to build at least 15 logistics units over a 10-12 year period ranging in size from 200,000-1.2 million sq ft.
WMI is expected to generate around £430 million of local economic activity each year through a significant economic environment.
Delivery of new A5/A449 link road providing a new connection between these roads and faster access to the national road network.
Over £8 million in financial contributions committed in the DCO obligations, including £1.7 million towards a WMI Employment Fund to support job, skills, and training opportunities for local people.
Prime rail-served logistics site extending 734 acres in South Staffordshire. Rail freight produces 70% less carbon dioxide, up to 15 times lower nitrogen oxide emissions and nearly 90% lower particulate emissions than road freight tonne for tonne.
Of the buildable space, the majority of warehouses will have eaves heights of 20m, 15% has consent up to 24m, and a further 15% up to 30m.
Commitment to setting up the WMI Employment Partnership; working with local stakeholders to maximise local employment during construction and operation of the Development.
Creation of c. 8,500 jobs, of which 40% will be higher skilled and administrative positions and representing 17% of Stoke-on-Trent and Staffordshire Local Enterprise Partnership’s new jobs target to 2030.
The buildings and wider development will be built to the highest environmental standards, with BREEAM Excellent energy ratings.
Creation and maintenance of two new Country Parks of circa 109 acres (44 hectares) in total. The local community will be involved in the design and management of these two new Country Parks.
In recent years we have significantly increased our exposure to the logistics sector globally through several major transactions, including making our first direct investment into European logistics last year with LCP. 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.
We are pleased to be again working alongside LCP’s highly experienced and professional team as we deliver a best-in-class logistics park with occupier demand, technological advancements and environmental, social and governance principles at its core.
James Boadle, Head of Logistics and Residential, Europe at Oxford Properties.
