Stoke-on-Trent Regeneration Ltd, the joint venture between St Modwen Properties PLC and Stoke-on-Trent City Council, has found occupiers for the whole of its speculative 2,880 sq m (31,000 sq ft) Festival Trade Park development in Etruria Valley, phase three of Festival Park, Stoke.
Rexel Senate has taken 1,115 sq m (12,000 sq ft) trade counter premises on a 15-year lease at £5.25 per sq ft. Three similar units have been sold on 999-year leases to Strata Windows (743 sq m/8,000 sq ft) and Crown Cup and Chipper 2000 ( both 511 sq m/5,500 sq ft).
Alastair Smith of St Modwen said: “We are pleased to have completed the letting or sale of this scheme so soon after it was constructed. We are now awaiting planning consent for the second phase of the Trade Park development which is planned to provide units from around 278 sq m (3,000 sq ft) to 1,115 sq m (12,000 sq ft).
Stoke-on-Trent Regeneration was represented by Daniel Hulme and Insignia Richard Ellis.
For further information contact Alastair Smith of St Modwen on 01782 281844.
Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).