St. Modwen, the UK’s leading regeneration specialist, let more than one million sq ft of warehousing and 60 acres of distribution land in the Midlands during 2012.
Major lettings included 200,000 sq ft to CML Fulfilment & Logistics at Brockton Business Park in Telford, 175,000 sq ft to logistics company Ascott Transport Ltd at Hilton Business Park, Derbyshire, and 75,000 sq ft to health and beauty business DCS Europe at Long Marston Business Park, Stratford-upon-Avon. Land leases included 2.5 acres to K&M Hauliers and 2.4 acres to Dairy Crest, both at Hilton Business Park.
In addition, St. Modwen sold 31,000 sq ft of warehousing across the portfolio raising more than £2 million. Sales included two 7,028 sq ft units at Queensway Business Park, Telford, to Telford & Wrekin Council and 6,756 sq ft at Great Western Business Park in Worcester to LSE Lighting.
The deals mean that many of St. Modwen’s industrial parks are now fully occupied, including Hilton Business Park, Queensway Business Park, Brockton Business Park in Telford and Parkside Industrial Estate in Wolverhampton.
John Dodds, St. Modwen Midlands Regional Director, said: “Our industrial lettings across the region were particularly strong during 2012 despite the tough economic conditions, with tenants attracted to the quality of our units and their prime location close to transport networks.
“The pleasing number of deals means that our industrial stock is running out and we are dealing with increasing interest in our design and build solutions.”
St. Modwen has several ‘oven ready’ industrial sites where outline planning consent and infrastructure are already in place – giving the company a head start to take advantage of the growing demand for design and build opportunities arising from a decreasing supply of stock.
The company has outline planning permission and is ready to start building at Great Western Business Park, Longbridge, Coventry, Barton near Burton upon Trent, Hilton, Swadlincote, Worcester and Washwood Heath. For more details contact Jonathan Green at St. Modwen on 0121 222 9400.