100 PER CENT OCCUPATION AT CENTRE 38

St. Modwen has achieved 100 per cent occupation at its Centre 38 scheme at Barton Business Park following the letting of the final and second largest property to Simarco International Limited.
The international freight and logistics specialist has signed a 10 year lease for the 30,701sq ft facility as part of its on-going UK expansion. The multi-million pound haulage and freight depot will enable the company to forge even closer ties with the Palletforce network, of which it is a member, with Centre 38 situated less than five miles from Palletforce’s own hub.
Jonathan Green, development surveyor for St. Modwen commented: “We are delighted that Simarco has taken occupation of the final property at Centre 38. The company has an excellent international reputation and joins other leading occupiers at the development including Argos, Bombardier and Pirelli, all of which have recognised the benefits of being positioned on such a well located business park.

“Demand for industrial space in the region has remained strong since the beginning of the year. We are continuing to successfully match occupier requirements to our developments across the region as we deliver growing business locations to the local economy.”

Centre 38 is the latest phase of St. Modwen’s hugely successful Barton Business Park in Barton Under Needwood. The 125-acre business park situated off the A38, is now 100 per cent occupied with additional design and build opportunities also available. St. Modwen has two further developments strategically located on the A38 and A50 corridors – Stretton Business Park and Hilton Business Park, which lies less than a mile from the A50.

Also generating much occupier interest, St. Modwen has this month signed three new deals at Hilton Business Park. Existing occupier Trade Price Stone has doubled its 12,500sq ft of space at the development signing a new lease for 25,000sq ft. European Exhaust and Catalyst Ltd has signed a new lease for a 5,710sq ft unit at the development while building and automotive specialist, Johnson Controls Ltd has signed a lease on a 6,000sq ft unit at the development.

Just one until which is currently under offer remains on Plot 2 at Hilton Business Park. Within the existing space at the development, a further 200,000 sq ft of quality industrial and warehousing space is available at very competitive rates. In addition, 13 acres of open storage space is available within this secure environment which benefits from a manned gatehouse and 24-hour security. Design and build opportunities are also available to meet specific occupier demands.

Stretton Business Park in Burton on Trent has just one 8,800sq ft unit remaining, currently under offer. Situated to the north of Burton on Trent, two miles from the town centre and just half a mile from the A38/A50 corridor, Stretton Business Park is a 4.2 acre scheme comprising a range of new industrial and warehouse units.