The UK’s largest independent steel stockholder will open a major new depot at St. Modwen’s Henley Business Park near Guildford, Surrey in September this year.
Meridian Metal supplies steel to manufacturers in a range of industries including heating and ventilation and retail display equipment. The company, which also has depots in Dudley and Sheffield, is relocating its southern base to Guildford from Sunbury.
The steel framework of the 41,000 sq ft depot is currently being erected and overall construction is expected to take just five months. It sits on the second phase of development at Henley Business Park and a new planning application is due to be submitted to complete the park with an additional 125,000 sq ft of industrial space.
Tim Vaux, Regional Director at Meridian Metal, said: “The new depot is an exciting step forward as we continue to build on our existing customer base in the south and we hope to be fully operational by late summer. Henley Business Park will give us the space we need to introduce new machinery and increase our speed of delivery while the location near the M3 and M25 is ideal for the distribution aspect of our business.”
At 20 acres, Henley Business Park is the largest industrial regeneration project in West Surrey. It was established during World War II as an armaments factory by Vokes Ltd and the company maintained a presence there until the site was acquired by St. Modwen in 2002.
The first phase of regeneration comprised 100,000 sq ft of commercial floor space on expansion land adjoining the old factory. In 2011 the old factory was demolished to enable phase two, which comprises a further 185,000 sq ft of employment space including a £1.45 million building for ALS Petrophysics and the new Meridian Metal depot.
Nick Kay, Development Director at St. Modwen, said: “We’re pleased to be maintaining the momentum of continuous development at Henley Business Park with this bespoke building for Merdian Metal. St. Modwen has great confidence in the Surrey market and, once planning permission is granted, intends to speculatively build another 50,000 sq ft. We are already in talks with several potential occupiers.”