Developer completes more than 85,000 sq ft of industrial space
St. Modwen has delivered more than 85,000 sq ft of industrial and logistics space at St. Modwen Park Stoke Central in North Staffordshire.
A 43,000 sq ft trade park scheme, which was acquired by Stoke-on-Trent City Council last year, has now been completed by the developer, which was instructed to deliver the buildings as part of the deal.
Meanwhile, a further speculative warehouse scaling 43,311 sq ft has also been delivered.
Formerly known as Etruria Valley, St. Modwen Park Stoke Central is one of Staffordshire’s premier employment schemes, forming part of the wider 300-acre Festival Park development.
Once fully occupied, the latest additions have the potential to create a further 150 jobs and both are available for immediate occupation.
The developer owns a further 35 acres of land at St. Modwen Park Stoke Central and has achieved outline planning consent for 500,000 sq ft of future development.
Stuart Murray, development director at St. Modwen Industrial & Logistics, said: “This is another milestone in our longstanding investment in Stoke-on-Trent. The trade park scheme will counter the demand for small employment units in the region, creating new employment opportunities for the city, while C43 provides first-class industrial and logistics accommodation in an unrivalled location.”
“We are also delivering a further 183,000 sq ft of industrial and logistics space in the south of the city, which we hope to pre-let it its entirety prior to practical completion in October 2020. We also have detailed planning consent for a 250,000 sq ft ‘big-box’ unit at St. Modwen Park Stoke South which could further meet demand in the local area.”
The Trade Park scheme for Stoke-on-Trent City Council will provide a range of small employment units to a market with an encouraging level of demand. There are 11 available units across two blocks, ranging from 2,955 to 4,810 sq ft with ample parking and vehicle charging points. The units are being marketed by Harris Lamb.
Cllr Janine Bridges, cabinet member for economy at Stoke-on-Trent City Council, added: “One of our top priorities for coronavirus recovery is to get our economy back on track. The world faces an unprecedented challenge due to the pandemic but we have to remember before the crisis hit, the city’s economy was in a good place, with employment growth named as the fastest in the UK in a report at the start of the year.
“We are still committed to creating jobs and bringing opportunities and prosperity to the city, and it’s vital we rebuild confidence and show that Stoke-on-Trent is open for business. The interest in this development is increasing now the lockdown is gradually being eased and having these units built and ready to move into as the country begins to get back on its feet puts us in a really strong position with potential occupiers.”
Joint marketing agents for the scheme are Knight Frank and Mounsey Chartered Surveyors.