St. Modwen has announced the sale of the 10,236 sq ft Unit 1B at Queensway Business Park in Telford to ASI Investments Ltd; and testament to the continued demand for new industrial-warehouse space in the regional marketplace, just two units are now remaining at the business park to let or for sale.
Situated approximately four miles from Telford town centre, Queensway Business Park is a 20-acre self-contained development benefiting from direct access to the A442, which in turn links to the M54, opening up routes along the M6 and M5.
The deal to ASI Investments Ltd has been completed on a unit in Phase One of the business park. This phase includes 17,000 sq ft of offices which were previously sold to Geko and a further 43,000 sq ft of industrial-warehouse space across four individual units. The four-acre Phase Two comprises 78,000sq ft of employment space across 15 units, ranging in size from 2,500 sq ft to 20,000 sq ft. Following a high level of deal activity, just two units are now remaining at the business park, together with Phase Three – further development land which could accommodate a bespoke unit of around 20,000 sq ft or a number of smaller units.
Jonathan Green, development surveyor for St. Modwen, said: “We have experienced continued success at Queensway Business Park, despite the challenging economic conditions that we have seen over the last couple of years. The business park has certainly helped to meet the pent-up demand for high quality, secure and well-managed commercial space in the town, and we have effectively translated significant levels of occupier interest into completed deals. As such, we are now in a position where 18 of the 20 units have been sold, and a thriving and diverse business community has been established here in Telford.
“Flexibility has been key, and we have found that by listening to potential occupiers and effectively responding to their individual requirements, we have been able to assist many businesses with a move to new premises. Being open to leasing or selling units, or even structuring leases with an option to purchase, has primarily ensured that even in a difficult economic climate, occupiers can agree a deal that suits their circumstances.”
ASI Investments Ltd trades as Easy Repair and Repair Computers. It joins a host of other occupiers at Queensway Business Park including the Shrewsbury and Telford Hospital NHS Trust, which selected the business park as the location for a major new sterilisation facility earlier this year.
Bulleys and Andrew Dixon & Company acted on behalf of St. Modwen.