i54 has become a go-to destination in manufacturing. Credit: Morris & Co

Morris & Company sells flagship asset at i54

8 September 2025 15:08 Neil Tague Comments (0)

FTSE 100 real estate investor LondonMetric Property has acquired Apex@54, a 68,000 sq ft logistics unit at the business park north of Wolverhampton.

The deal marks an exit for Morris, which designed and built the unit, completing work in 2021 and subsequently letting it to Access360, a supplier of access solutions.

Located fronting the M54 motorway, Apex@54 offers connectivity and visibility within the successful i54 Business Park, which has become a hub for advanced manufacturing and logistics, with occupiers including Jaguar Land Rover, Moog, and Collins Aerospace.

The 300-acre park is a joint venture between the councils of Wolverhampton, South Staffordshire and Staffordshire County and has to date seen 2.5m sq ft built out.

Mark Vernon, investment and development executive at LondonMetric, said: “Apex @54 is a strong addition to our portfolio. The combination of a prime central location, certainty of income, and a well-built unit ticks all the boxes for us. The quality build delivered by Morris Property and the reputation of the business park made this an easy decision.”

Richard Lingen, associate director in UK investment at Savills, brokered the deal on behalf of the Shrewsbury-headquartered vendor. He said:

“We’re delighted to have secured this sale on behalf of Morris & Company. Apex@54 is an excellent example of a developer delivering exactly what the market demands – a well-connected, modern building with strong tenant appeal.”

The sale price was undisclosed. Morris said that the deal underlines its commitment to delivering market-leading industrial developments and further strengthens its position in the sector regionally.

Head of development Liz Lowe said: “This sale reflects the strength of the industrial market in the Midlands and the quality of the buildings we deliver. Apex@54 was designed and built to a high specification by our in-house construction team, and we’re proud to see it now form part of LondonMetric Property Plc’s portfolio.

“The transaction further underlines Morris & Company role as a leading developer in the West Midlands industrial sector and supports continued investment across the region’s strategic employment locations.”