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TOOLSTATION OPENS FIRST WORCESTER TRADE COUNTER AT ST. MODWEN’S GREAT WESTERN BUSINESS PARK

Multi-channel building supplies distributor Toolstation has opened a trade counter in Worcester, after completing a deal on the 6,823 sq ft Unit 302 at St. Modwen’s Great Western Business Park.

Situated half a mile from the centre of Worcester, the first completed phase of Great Western Business Park comprises a total of 18 high quality industrial and storage units ranging in size from 2,218 sq ft to 23,468 sq ft. As part of its ongoing growth strategy, Toolstation has signed a 10 year lease on a unit at the business park on Tolladine Road and its Worcester branch is now open to the trade and public, carrying a comprehensive stock of more than 10,000 products.

Philip MacLauchlan, managing director of Adept Consultancy UK Limited, property advisors to Toolstation, said: “Worcester was a target city within our expansion plans as our research highlighted that the city has a direct catchment area of more than 80,000 people, with the demographic fitting with that of our target market. There are also high levels of older private housing stock throughout Worcester which may require maintenance, together with high levels of building activity and active tradespeople.

“The decision to invest in new premises at Great Western Business Park was based on three factors. The central location of the business park – just three miles from junctions 6 and 7 of the M5 and within walking distance of Shrub Hill and Foregate Street Stations – means it is accessible to the city’s population and this is key for a distributor establishing a presence in a city. Furthermore, the trade counter is within close proximity to a range of complementary trades in building-related industries; and finally the warehouse unit was complete and ready for fit out, which meant we were able to open the facility within a short timescale.”

At Great Western Business Park, 14 of the completed units are now either let or sold, resulting in just four units presently being available to let or for sale on flexible, competitive terms. Current occupiers include Pickfords, Lightsource Europe, SPAL Automative UK Limited, Storage King, Materials Solutions and Bromsgrove Motor Factors.

Julie Rossiter, senior asset manager for St. Modwen, said: “A succession of deals has been completed at Great Western Business Park throughout 2010, and St. Modwen is delighted to welcome Toolstation to this growing community of businesses. This latest letting is testament to Worcester’s status as a location with many advantages for today’s businesses, and the city continues to attract national occupiers. Great Western Business Park has played a role in this success by providing quality new industrial/ storage and warehouse space in a secure business park environment. Together with our agents Halls Commercial, our focus is now on continuing to liaise with potential occupiers for the remaining five units as we approach 2011.”