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ST MODWEN SECURES FOUR DEALS IN QUICK SUCCESSION AT QUINTON BUSINESS PARK, BIRMINGHAM

St Modwen Properties PLC, the UK’s leading regeneration specialist, has completed four deals – comprising a total of 44,000 sq ft – in quick succession at its 18 acre Quinton Business Park, Birmingham.

The latest is the 10,000 sq ft letting to ‘Linpac Allibert’, the world’s foremost provider of customized packaging and materials handling solutions, which has taken a two storey self contained office on a 10 year lease. The company will be moving its sales and marketing, finance and IT departments to the Business Park, along with its supply chain services company Logtek.

John Blaiston, UK finance controller for Linpac, explained that the company, which has a factory in Walsall and in Winsford, Cheshire, acquired a distribution centre in Bromsgrove when it merged with Allibert last year. He comments:

“As part of our re-organisation in the UK, our site in Winsford is being turned into a world class manufacturing site with a distribution centre on an adjoining plot while the Bromsgrove and Walsall facilities are being closed. The Bromsgrove and Walsall businesses support functions, such as customer services and finance are being centralised at Quinton.”

Peter Rudd of St Modwen says:

“Securing four deals in the last few months proves that even in a challenging financial climate, lettings can be secured if you have the right product in the right location. Of the 150,000 sq ft of office space built to date at Quinton Business Park, just under 20,000 sq ft now remains; a 10,000 sq ft self contained office building and smaller suites totalling circa 9,500 sq ft.”

DTZ acted for St Modwen Properties PLC, whilst Linpac was unrepresented.

Notes to Editors

In addition to Linpac, the other recent lettings included:

• Business Link West Midlands took 27,500 sq ft on a six year lease.

• VTG Rail has taken a 10 year lease on a 2,605 sq ft office suite.

• Traffic Link has taken 3,600 sq ft on a 10 year lease.

• Gerald Eve acted for Business Link West Midlands, whilst VTG Rail and Traffic Link were unrepresented.

For further information, please contact:

Charlotte McCarthy

PR Manager

St Modwen Properties plc

M: 07970 949 914

E: cmccarthy@stmodwen.co.uk

Paul Raymer

PR Consultant

Howle Chapman Raymer

T: 0121 313 1000

Peter Rudd

Development surveyor

St Modwen Properties plc (Birmingham)

T: 0121 222 9400