St Modwen has started work on Phase 2 of Queensway Business Park, Telford, to provide a range of smaller industrial units, of which there is a shortage in the Telford area, and has had an early positive response.
A third of the 15 units, between 2,540 sq ft and 10,674 sq ft, which are due for completion in August are already under offer.
The 20-acre business park is Telford’s largest new industrial estate. St Modwen acquired the site three years ago from Mitutoya (UK) Ltd as part of its expanding portfolio in Telford and at the end of last year completed Phase 1 which comprises a terrace of four units totalling 54,000 sq ft formed by the division of a former warehouse and offices.
Self-contained two-storey offices in the initial phase are now the headquarters of Geko Direct Ltd. Three of the remaining four units, with large loading yards, are available to buy or lease, with a fourth under offer.
Jonathan Green, development surveyor of St Modwen, said: “This development illustrates St Modwen’s continued investment in Telford which includes Brockton Business Park where we have more than 228,000 sq ft of industrial/warehouse units with ancillary offices on about 19 acres, including a development plot of four acres.”
Queensway Business Park is alongside the A442 close to Hortonwood Industrial Estate, approximately four miles north of Telford town centre and Junction 5 M54.
Andrew Dixon & Co is acting for St Modwen.
For further information contact Jonathan Green of St Modwen (0121 222 9400).
Issued by Paul Raymer of Howle Chapman Raymer (0121 313 1000).