St Modwen buys former Power Station site

St Modwen buys former Power Station site

St Modwen Developments Ltd, the development subsidiary of St Modwen Properties PLC, has acquired the site of the former Meaford Power Station, near Stone, Staffordshire, totalling more than 100 acres, and plans to transform it into a major business park which will create hundreds of new jobs.

The site, adjacent to the West Coast Main Line and within easy reach of Junctions 14 and 15, M6, was bought from the Receivers of Reach Environmental Ltd.

Outline planning consent has been obtained, subject to a planning agreement relating to off-site highway works, for 1.2 million sq ft of offices, industrial and warehousing accommodation. There is also the potential for leisure use alongside the canal which runs through part of the site.

Meaford Power Station was built in the 1940s and de-commissioned during the 1990s since when many of the buildings, including the cooling towers, have been demolished. Those buildings remaining on site are currently let and St Modwen will continue to operate it as a managed industrial site pending redevelopment.

Euan Lindsay, development surveyor with St Modwen, said: “The Meaford site is ideally suited to St Modwen, being a typical brownfield site with the challenges this brings. We will be utilising to the full our expertise in this field to regenerate and develop the site. It further demonstrates St Modwen’s commitment to the North Staffordshire region.”

He added: “We first bid unconditionally on the site well over a year ago, tracking its sale whilst other conditional bids fell away, and eventually completed the purchase within one week of the Receivers accepting our offer.”

For further information contact Euan Lindsay on 01782 281844.

Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).