ST. MODWEN LETTING ESTABLISHES NEW BUSINESS COMMUNITY ON A38/A50 CORRIDOR

The UK’s leading regeneration specialist, St Modwen, has secured a 41,000 sq ft letting at its 4.2 acre Stretton Business Park scheme in Burton on Trent – an integral part of an £25 million portfolio of three St. Modwen developments, which is creating a new business community along the A38/ A50 corridor.

US Nutrition, manufacturer of sports nutrition brands and diet products, has selected the 67,000 sq ft Stretton Business Park as its new headquarters and has taken the new premises on a 15 year lease at £5.40 per sq ft. The company’s expansion to four industrial/ warehouse units at Stretton Business Park represents the biggest deal to-date at the scheme, and leaves just two units of around 8,000 sq ft each available to let.

Situated to the north of Burton on Trent, just two miles from the town centre, Stretton Business Park is strategically located just half a mile from the A38/A50 corridor where St. Modwen also has two other industrial/ warehouse schemes along the A38/A50 corridor: Centre 38 at Barton Business Park in Staffordshire and Hilton Business Park at Hilton in Derbyshire.

Centre 38 is the latest phase of St. Modwen’s well established Barton Business Park – a highly successful 125 acre business park with current occupiers including Argos, Pirelli and Bombardier. Prominently located fronting the A38, midway between Lichfield and Burton on Trent, Centre 38 comprises two high quality distribution-warehouse or manufacturing units of just over 30,000 sq ft and 35,000 sq ft which St. Modwen has recently completed.

Hilton Business Park is a scheme of 10 high quality individual business units ranging in size from 3,000 sq ft to 6,000 sq ft, with the flexibility to combine units to provide up to 19,250 sq ft of light industrial/ distribution space. Over 50 per cent of the Hilton scheme is now let, leaving just four units. Situated in Derbyshire, less than a mile from the A50, Hilton Business Park is approximately three miles west of the junction with the A38 at Burnston.

Jonathan Green, development surveyor for St.Modwen, said:

“Despite current economic conditions, many regional businesses continuing to be successful and are therefore looking to facilitate their continued growth with a move to new premises – US Nutrition is an excellent example of this. This latest deal is highly significant for St. Modwen, not only as it is the biggest letting to-date at Stretton Business Park, but it also demonstrates the growing appeal of the A38/A50 corridor as a key business location.

“These two key arterial routes open up access to the M1, M6 and M6 Toll motorways, giving occupiers the benefit of first class transport links to the north and south of the country. Based on our understanding of the marketplace, each St. Modwen development in this area has been designed to suit the specialised needs of today’s occupiers. Located in secure site areas, the high specification units include level access doors; generous external areas and parking provision; and all mains services. The units are offered to let or for sale depending on individual requirements.

“All of these factors have helped to establish St. Modwen as a major developer behind the creation of a thriving new business community along the A38/ A50 corridor; and with all of the units now complete at Stretton, Barton and Hilton, we are continuing to play a part in putting this area on the map.”

For further information: www.stmodwen.co.uk

Notes to Editors:

St. Modwen is the UK’s leading regeneration specialist, operating across the full spectrum of the property industry through a network of seven regional offices and a Birmingham based head office. The company is wholly focussed upon regeneration with expertise in brownfield land renewal, partnering with industry, town centre regeneration, Innovation Centres and education projects www.stmodwen.co.uk

For further information, please contact:

Charlotte McCarthy

PR Manager

St. Modwen Properties PLC

T: 0121 222 9400

E: cmccarthy@stmodwen.co.uk

Sally Earl

Core

T: 0121 643 8151

E: sallyearl@core-marketing.co.uk