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BLDS Couriers has acquired the first of the small industrial units that St Modwen has speculatively developed in the latest phase on the 79-acre Hilton Business Park, South Derbyshire, which is part of the 260-acre mixed use project on the former Ministry of Defence site.

The 5,250 sq ft  unit, part of  a ten unit  49,250 sq ft development phase, was sold to the firm for £355,000.

Paul Smith of St Modwen, said: ³We are  in detailed discussions with a number of other potential occupiers for the remaining units, some of which will  hopefully be concluded before the end of the year.

³The units are available to buy or let  which provides companies with the opportunity to own  their own premises as well as merely went them.²

The business park is part of the large mixed-use Hilton project, orignally a joint venture with the Ministry of Defence, which on completion will have created more than 1,200 homes, 70-acres of employment development totalling more than one million sq ft of employment space,  a new district centre, sports, schools and community facilities, plus a by-pass for the village centre.

Lambert Smith Hampton acted for St Modwen.

For further information contact Paul Smith of St Modwen (0121 222 9400).

Issued by Paul Raymer of Howle Chapman Raymer (0121 313 1000).