St. Modwen has secured a deal with Stoke-on-Trent City Council for the local authority to acquire its Trade Park scheme at St. Modwen Park Stoke Central, after securing planning permission to develop a further 86,000 sq ft at the site.
St. Modwen Park Stoke Central (formerly known as Etruria Valley) is one of Staffordshire’s premier employment sites, forming part of the 300-acre Festival Park scheme. The third phase of development will commence this month (July), with St. Modwen building the 43,000 sq ft trade park scheme for the City Council in addition to a 43,000 sq ft industrial/logistics unit, which will be available to lease.
This latest phase, which is scheduled for completion in June 2020, has the potential to create a further 150 jobs and reinforces the developer’s long-standing commitment to the region. In recent months St. Modwen has received planning permission to develop more than 570,000 sq ft of industrial and logistics space across sites in Stoke-on-Trent and North Staffordshire.
Euan Lindsay, Senior Development Manager at St. Modwen, said:
“The Trade Park scheme for Stoke-on-Trent City Council will provide a range of small employment units to a market with an encouraging level of demand. We’re very pleased to be assisting the council in creating and securing employment opportunities in the city.
“The additional 43,000 sq ft unit that will be built alongside the Trade Park will provide first-class industrial and logistics space for companies looking to secure well-located, quality accommodation.”
Cllr Janine Bridges, Cabinet Member for Economy at the City Council, said:
“We’re focused on increasing economic growth, maintaining and creating new local jobs and bringing prosperity to the city. Continuing to attract investment to the area is vital to sustained economic growth and for creating opportunities for residents and businesses. It’s significant that a regeneration specialist like St. Modwen continues to invest in Stoke-on-Trent, and to me that shows our approach to economic growth is working and that we are moving in the right direction. We’re really pleased to be working in partnership with St. Modwen on this scheme, and look forward to seeing the development get under way and the positive impact it will have. The message is clear – Stoke-on-Trent is open for business.”
For more information, please visit www.stmodwenlogistics.co.uk/property/st-modwen-park-stoke-central/
Photo (L-R): Euan Lindsay, Senior Development Manager at St. Modwen, with Councillor Daniel Jellyman, Stoke-on-Trent City Council.