In response to demand for new industrial and office accommodation in the city, Stoke-on-Trent Regeneration Ltd, the joint venture vehicle formed by St Modwen Properties PLC and Stoke City Council, plan to undertake further speculative development at Etruria Valley and Trentham Lakes.
A planning application has been submitted for the development of 3,066 sq m (33,000 sq ft) of warehousing and light industrial accommodation on two acres at Etruria Valley (Festival Park Phase 3).
The units, ranging from 372 sq m (4,000 sq ft) to 1,115 sq m (12,000 sq ft), are scheduled for completion in the late summer. Planning consent has also been sought for the development of 2,880 sq m (31,000 sq ft) of offices at Trentham Lakes.
The first phase will comprise two buildings of 743 sq m (8,000 sq ft) and 557 sq m (6,000 sq ft) which will also be completed in the summer. The remaining 1,579 sq m (17,000 sq ft) will be developed as a second phase.
Alastair Smith of St Modwen, said: “We already have some keen interest in the scheme at Etruria Valley and expect strong support from the trade park sector. The office village is in a recognised office location adjacent to Trentham Business Centre, and is expected to be of particular interest to the professional and IT sectors. We are in solicitors hands to dispose of the 743 sq m (8,000 sq ft) unit to a local IT firm.”
Daniel & Hulme of Stoke and Insignia Richard Ellis of Birmingham are joint agents on both developments.
For further information contact Alastair Smith of St Modwen (01782-281844). Issued by Paul Raymer of Howle Chapman Raymer (0121-236-7771).