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St Modwen sells industrial premises in Burton-on-Trent

Redman Heenan Properties Ltd, the investment subsidiary of St Modwen Properties PLC, has disposed of its freehold interest in industrial premises at Park Road, Stanton, Burton-on-Trent to a private investor for £145,000.

The 803 sq m (8,643 sq ft) premises on 2.1 acres are let to Lodge Sturdevant Ltd at a rent of £15,500 per annum on a lease with four and a half years

unexpired. St Modwen acquired the property as a part of a portfolio from British Coal in August 1997.

Innes England acted for St Modwen. Jeffrey Jones Partnership acted for the purchaser.

For further information contact Alan Williams of St Modwen on 0121-456 2800

or e-mail: Issued by Paul Raymer of Howle Chapman

Raymer (0121-236-7771).