St. Modwen has attracted two new tenants to St. Modwen Park Burton (formerly Burton Gateway), its popular industrial and logistics site in Burton-upon-Trent, demonstrating the increasing demand for quality well-located warehouse space in the Midlands.
Supply Technologies, a US company which provides manufacturing components for a number of automotive companies in the region and beyond, will occupy a 25,446 sq ft unit on the site, whilst Keylite Roof Windows, part of the Keystone Group, Europe’s fastest growing roof window manufacturer, has taken 40,730 sq ft.
Both Supply Technologies and Keylite Roof Windows have signed 10-year leases on the units, which were speculatively built by St. Modwen as part of the second phase of development at the 1 million sq ft scheme. The deals come as the developer begins work on its third phase, which will deliver a further 103,000 sq ft distribution unit this September.
Rob Richardson, Senior Development Manager at St. Modwen, said: “We are delighted to welcome Supply Technologies and Keylite Roof Windows to St. Modwen Park Burton. Not only are they great additions to our growing industrial portfolio, but they are also key investors in the growth of the regional economy. These deals are testament to our decision to speculatively develop and deliver well-designed versatile units in Burton. We are looking forward to the completion of our next phase of development and welcoming further organisations to the business park.”
Stuart Whitehouse, Managing Director at Supply Technologies, said: “St. Modwen Park Burton will be our ninth facility in the UK and is ideally placed to service one of our major customers as well as enabling us to grow our business in the East Midlands and Staffordshire regions. The location is ideal for our purposes and the building is exactly what we are after, providing good height and easy access”.
Jim Blanthorne, Operations Director at Keylite Roof Windows, added: “We are delighted with our new warehouse and office premises at St. Modwen Park Burton. The new facility will provide greater opportunity for us to expand our product range and meet increasing demand for our award-winning products. Increased warehouse capacity will also allow Keylite to further improve stock-hold and future-proof our business in the light of external forces. We are committed to excellent service for our customers, and this new venture will allow us to service the GB market most effectively.”
James Clements, Partner at Knight Frank, joint agents for the site, said: “With these units having been snapped up just months after their completion, it shows there remains great demand for quality warehouses of this size in the region. Not only do we have solid interest in the remaining 54,000 sq ft building and a good level of interest in the planned 103,000 sq ft building, but we are also greatly encouraged by a number of businesses enquiring about buildings of up to 300,000 sq ft that can be built to suit on the development.”
Supply Technologies were represented by Kenny Allen of KWB Property in Birmingham and John Proctor of FHP represented Keylite Roof Windows. The Birmingham offices of Savills and Knight Frank represented St. Modwen and either can be contacted for details on the forthcoming phases of development and build to suit requirements.
St. Modwen Park Burton is one of the largest warehouse developments in the Midlands and is a key employment site for East Staffordshire. It is already home to Hellmann Worldwide Logistics, which took a 10-year lease on a speculatively-developed first phase building of 87,000 sq ft on the site.
Strategically located adjacent to the A38, on the southern approach to Burton-upon-Trent, St. Modwen Park Burton offers strong links to the M42 and A50.
St. Modwen is accelerating its development of high-quality industrial and logistics assets, with a strong national pipeline of 1.5m sq ft of committed industrial/logistics projects, up from 1.0m sq ft at the start of 2018.
For more information, please visit www.burtongateway.co.uk.