ST. MODWEN PUSHES AHEAD WITH FURTHER SPECULATIVE DEVELOPMENT IN WORCESTER

St. Modwen is bringing forward more speculative development at its Great Western Business Park in Worcester, having agreed terms to construct a new 13,600 sq ft unit for builders’ merchant, Travis Perkins.

With planning now approved for 65,000 sq ft of space, plus the 13,600 sq ft bespoke warehouse unit, the UK’s leading regeneration specialist is meeting the demand for new high quality warehouse and industrial units in the Midlands in its latest scheme that could create up to 140 jobs.

The next phase of development – St. Modwen’s third and final at Great Western Business Park – will consist of ten speculatively-built units, ranging from 3,000 to 31,000 sq ft, and will be due for completion in early 2017.

Jonathan Green, senior development surveyor at St. Modwen, said: “This latest speculative scheme answers the shortage for prime quality sheds in Worcester, and reflects our increased confidence in the market, whilst creating much-needed jobs for local people.

“The location of this site has been a real draw for national and international tenants and these new units will enjoy a prime position with easy access to Worcester city centre and J6 & 7 of the M5 corridor, which offers connections to M42 motorway.”

Also based at the site are Travis Perkins’ sister company, Benchmarx, who have already signed up to one of the existing 5,300 sq ft units in phase two, along with car parts and accessories distributor Euro Car Parts, additive manufacturers Materials Solutions, vehicle and wearable technology distributor Nemesis GB, automotive parts distributor Andrew Page, self-storage company Storage King and Altaras International, providers of precision components.

St. Modwen’s portfolio in Worcester includes the 275,000 sq ft Shrub Hill Industrial Estate; Nunnery Way, a 19 acre site on which it is developing employment, showroom and leisure space, along with a 19 acre site on Whittington Road, currently occupied by the Department for Environment, Food and Rural Affairs (DEFRA).

Those interested in opportunities at Great Western Business Park should call Richard Tomlinson at Halls on 01905 720126 / 07967 195 147. For information on St Modwen visit www.stmodwen.co.uk