News Archive

St Modwen secures major letting at Watling Street

Redman Heenan Properties Ltd, the investment subsidiary of St ModwenProperties PLC, has let the largest unit on its Watling Street BusinessPark, Cannock.

Romtech Ltd, a subsidiary of the Lichfield-based Rom Group, has taken a ten-year lease with a five-year break, on the 6,787 sq m (73,056 sq ft) industrial building at a rent rising to £210,000 per annum (£31 psm/£2.87 psf).

Romtech, leading suppliers of piling equipment to the construction industry, is relocating from a smaller site in the area due to increased business. Andrew Dixon & Co acted for St Modwen.

For further information contact Alan Williams, Director of Investment

Properties, St Modwen (0121-456-2800). Issued by Paul Raymer of Howle

Chapman Raymer (0121-236-7771).