DX plans to build new West Midlands hub

Parcels, mail and logistics network operator DX Group has announced the proposed development of a major new hub, having reached agreement for the purchase of a 44 acre site in the West Midlands. The estimated capital investment required for this project is approximately £35 million, including the site purchase. It is anticipated that it will be funded from the company’s existing cash resources and debt facilities.

The site purchase is subject to planning consent and the project is expected to be completed over the next two to three years. The hub is intended to replace DX’s current sites at Willenhall, approximately 3.5 miles away.

The DX Group said that a further update “will be provided in due course”.