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ST. MODWEN CLOSE TO FILLING ITS INDUSTRIAL UNITS IN THE MIDLANDS

The Uk’s leading regeneration specialist St. Modwen is close to filling all its warehouse / industrial units in the Midlands following a raft of deals since the start of the year.

Industrial space at Hilton Business Park in Derbyshire, Parkside Industrial Estate in Wolverhampton, Queensway and Brockton Business Parks in Telford and Cofton Centre at Longbridge is now completely occupied.

At Hilton Business Park alone, St. Modwen has completed 250,000 sq ft of transactions, the most recent being with Stone Healthcare which has taken the last remaining 6,000 sq ft unit at Plot 2 on a five year lease.

St. Modwen has secured full occupancy on all its 24 units in Telford following the sale of two units totalling 14,000 sq ft to Telford & Wrekin Council at Queensway Business Park. Brockton Business Park became fully occupied in January with CML Fulfilment & Logistics occupying over 200,000 sq ft of space.

Parkside Industrial Estate in Wolverhampton is also full after existing occupiers expanded their space. Hickman Industries increased its occupancy from three to five units totalling 56,600 sq ft, while Concept Steel, which already occupies two units, has taken a further unit of 5,274 sq ft on a ten year lease. Euro Runner Logistics Management has taken 8,000 sq ft, again on a ten year lease.

St. Modwen’s land at the business parks is also proving popular. At Hilton Business Park, dairy food company Dairy Crest has snapped up 2.4 acres on a five year lease, K&M Hauliers has signed a six year lease on 0.84 acres and vehicle wash and Talbot Farm Landscapes, UK Loos, AP Pavers and GAP Group have all committed to storage space on site.

St. Modwen surveyor Jonathan Green said: “St. Modwen’s business parks have experienced a very busy few months resulting in hardly any warehouse / industrial units available, which is pleasing in this difficult economic climate.

“We have attracted many high profile tenants, reflecting the quality of our units and their prime loction in strategic locations with good links to transport networks”