St Modwen secures another major industrial centre deal

A 12.4 -acre plot at Tewkesbury Business Park, Glos, on which a large manufacturing and distribution centre is to be developed , has been secured by St Modwen Developments Ltd, in partnership with Stoford Developments Ltd.

The 270,000 sq ft building which will become a manufacturing, distribution and head office complex for a major building products manufacturer, is to be developed by St Modwen immediately and completion is scheduled for May 2004. This is the latest of a number of large distribution centre deals that St Modwen has concluded in the past 12 months including Screwfix Direct (322,500 sq ft) at Stoke-on-Trent and Argos (638,500 sq ft) at Centre 38, Burton-upon-Trent.

Rupert Joseland, of St Modwen, said: “This acquisition provides a prominent position for one of our existing customers who had a requirement for a new head office and manufacturing complex with good motorway access. The deal emphasises St Modwen’s ability to provide a comprehensive service to occupiers.

“We have an agreement with our client to provide a phased completion with the offices scheduled for availability in Spring next year. The site will be fully operational by the end of next year.”

For further information contact Rupert Joseland of St Modwen on 0121-456-2800.

Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).