HSBC has taken 5,250 sq ft in the third building of the successful Etruria Office Village complex at Festival Park, Stoke-on-Trent, a development by Stoke-on-Trent Regeneration Ltd, the joint venture between St Modwen Properties PLC and Stoke City Council.
HSBC joins financial consultants Pace Ward, chartered surveyors Louis Taylor, and Cattles PLC, trading as Welcome Finance, in the building.
This letting leaves only one suite of some 2,200 sq ft available. All the leases to date have been for ten years at an initial rent of £12.50 per sq ft. The Etruria Valley development has seen 29 acres of former steelworks reclaimed and developed by Stoke-on-Trent Regeneration in parftnership with Corus plc.
Andrew Cox, of St Modwen, said: “Etruria Office Village was designed to appeal to a range of occupiers from local professional businesses to corporate and public sector organisations and has attracted considerable interest. The other two buildings, occupied by the Probation Service and Crown Prosecution Service, have been sold to Halifax Building Society Pension Fund.
“Etruria Valley, of which this development is part, has become a much sought-after location.”
Louis Taylor acted for Stoke-on-Trent Regeneration.
For further information contact Andrew Cox of St Modwen (01782 281844). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771).