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RISING DEMAND FOR INDUSTRIAL UNITS REPORTS ST. MODWEN

Demand is rising for industrial units in North Staffordshire, reports regeneration specialist St. Modwen.

Less than a year after acquiring Queensway Industrial Estate in Stoke-On-Trent, St. Modwen’s management of the site has proven so successful that just one 1,718 sq ft unit now remains available.

Properties on the estate have been snapped up by a variety of occupiers including expanding regional company Lodge Tyres which purchased a 4,000 sq ft unit with a self-contained service yard in July. Successful lawn services company Green Thumb signed a three year lease for 1,726 sq ft of space in August to accommodate its business growth. A newly constructed compound on the estate has been let on a five year lease to Belford Brothers Ltd, a flourishing local skip hire company. Existing tenant C.A.R.S UK Ltd, experiencing on-going success, doubled its occupancy on the estate in June, signing a new ten year lease for two units totalling 8,000 sq ft. A leading refrigeration component wholesaler, C.A.R.S is enjoying a growing customer base from its central location in Stoke-on-Trent.

Andrew Cox, Development Manager for St. Modwen commented: “The success of Queensway Industrial Estate over the past year is testament to the flexible strategy we have implemented to manage and market this estate to potential occupiers following its acquisition late last year. Options to lease and purchase units at a later date have proven very popular with tenants, enabling them to occupy a unit without committing capital up front, as have other flexible deals and incentivised rents. Equally, sensible pricing has enabled companies such as Lodge Tyres to invest in their own property on the estate. All of the occupiers have cited Queensway’s prominent location close to the A500 as a major asset to the scheme and, through offering competitive terms to occupiers, we are thrilled to have so many thriving local businesses based here.”

The final unit at Queensway Industrial Estate offers a total 1718 sq ft of space. The unit offers contemporary industrial/warehouse space including office accommodation, toilets and kitchen facilities. The development is situated on Longbridge Hayes Road, adjacent to the A500, offering swift access to J15 and J16 of the M6.

For further information contact Andrew Cox at St. Modwen on 01782 645 222 or Andrew Groves at Harris Lamb on 01782 272 555.