News Archive

St Modwen lets further warehouse space in Nottingham

Redman Heenan Properties Ltd, the investment subsidiary of St Modwen Properties PLC, has let two further units at its 29-acre Bestwood Business Park, Nottingham.

Dealerfield Ltd, a subsidiary of Kleeneze PLC, has taken a five-year lease on a 9,780 sq m (105,275 sq ft) unit at an annual rent of £225,000 (£23 psm/£2.14 psf). Dealerfield is relocating from Bulwell to Bestwood as it is consolidating a number of operations to provide a central warehouse for the distribution of books.

DMW Warehousing Ltd has taken a five-year lease on a 4,117 sq m (44,315 sq ft) unit of ground floor and basement space at an annual rent of £55,000 which equates to a ground floor rent of £24.30 psm/£2.25 psf).

Fisher Hargreaves Proctor acted for St Modwen.

For further information contact Alan Williams, Director of Investment Properties, St Modwen Properties PLC (0121-456-2800) e-mail: Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).