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ST. MODWEN MARKS WORK STARTING ON SCREWFIX EXTENSION AT TRENTHAM LAKES

Representatives from St. Modwen, Screwfix and M&G Real Estate gather for ground breaking ceremony

St. Modwen, the UK’s leading regeneration specialist, has commenced work on the development to extend the Screwfix distribution facility at Trentham Lakes in Stoke on Trent.

A ground-breaking ceremony marked the official start of work on the extension, which will see the existing Screwfix facility double in size from 320,000 sq ft to 630,000 sq ft. Representatives from St. Modwen, Screwfix and M&G Real Estate attended the event to mark the milestone.

The extension will comprise warehouse space, ancillary offices and enclosed loading facilities. St. Modwen has appointed Winvic as the contractor for the works, which are due to be complete by summer 2015.

The development, which will bring an initial inward investment to the area of £18m, will enable leading multi-channel trade retailer Screwfix, part of the Kingfisher Group, to consolidate and expand its existing operations. The investment will create 100 additional full-time jobs, safeguard the 430 current positions and provide the potential for 200 employment opportunities in the future.

Euan Lindsay, Senior Development Manager at St. Modwen, said: “Such extensive construction activity on site is encouraging evidence of the economic recovery.

“We have been working in close partnership with Screwfix to ensure that we meet their requirements and enable them to expand their operations business within a prime logistical location. As well as creating and safeguarding jobs, this extension represents significant investment in the region and enables us to continue development at Trentham Lakes and attract big name brands. The further investment in Trentham Lakes by M&G Real Estate, as owner of the facility, also demonstrates the investor confidence in the North Staffordshire Region.”

Lindsay Haselhurst, Supply Chain and Operations Director at Screwfix, comments: “Screwfix has gone from strength to strength over the last 12 months, thanks to our successful multi-channel retail model and industry leading next day delivery service. The extension of our distribution facility at Trentham Lakes is the latest step in helping us to further enhance this offering across the group and we are delighted to see work commence.”

Alex Jeffrey, CEO of M&G Real Estate, said: “M&G Real Estate is pleased to have the opportunity to fund this development of a new facility for Screwfix with St. Modwen. We are also delighted to be working with one of our existing customers to deliver a product that they want, and which at the same time provides excellent long term returns for our investors.”

Trentham Lakes was originally chosen on the strength of its excellent highway connections, following the completion of the A50 extension in the 1990s, which attracted numerous major logistics operations to relocate to Stoke-on-Trent.