Stoke-on-Trent Regeneration, the joint venture vehicle of St Modwen Properties PLC and Stoke City Council, has sold a two-thirds of an acre plot at Trentham Lakes to Neida Products Ltd.
Neida, a high precision engineering company, was one of the first occupiers on the development and has already expanded its original building. This latest sale provides space for the company to grow even further.
Mike Herbert, director of Stoke-on-Trent Regeneration, said: “It is very encouraging to see a local manufacturing business continuing to be successful and planning for growth.”
Trentham Lakes is proving to be a real success for Stoke. It is fast becoming a genuine urban mixed use village with opportunities for people to live, work and play all on one site.The landmark Britannia Stadium has become a well-known focal point and with a good mix of businesses from manufacturers such as Neida and CFM Europe Ltd, major distribution operations including H W Plastics and Screwfix Direct, to the leisure facilities of Greens Health & Fitness and Express by Holiday Inn hotel, Trentham Lakes will total more than 900,000 sq ft of commercial buildings and provide employment for more than 1,700 people when the current buildings are complete.
More than 275 homes are also being constructed at Trentham Lakes which will soon be the home for Donna Louise Childrens’ Hospice.
Mr Herbert said: “With more than half of the site still to be developed, Trentham Lakes could ultimately provide more than three million sq ft of commercial development and jobs for around 5,500 people. This more than doubles the jobs that existed when Hem Heath Colliery was at its height.
“It is continuing proof of Stoke’s considerable success in recovering from the loss of its traditional industries.”
For further information contact Mike Herbert on 01782-281844.
Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771)