St Modwen achieves full occupancy in Telford with Telford and Wrekin Council deal2nd May 2012

Leading regeneration specialist St. Modwen has secured full occupancy at all its 22 warehouse/industrial units in Telford following the sale of two units totalling 14,000 sq ft at Queensway Business Park to Telford & Wrekin Council.

The deal means that St. Modwen has no units left for lease or sale at either Queensway or the nearby 20 acre Brockton Business Park, which became fully occupied by CML Fulfilment & Logistics in January. Both parks are located adjacent to the A442 Queensway with easy access to the M54 motorway.

Telford & Wrekin Council has aquired the high quality space at Queensway as part of its property investment portfolio and will be managed by the Council’s Estates & Investments Team.

Dylan Webster, Estates & Investments Team Leader at the Council said: “The acquisition of these high quality units in a secure location demonstrates our intent to improve the quality of the Council’s investment portfolio and will generate further employment opportunities within the Borough.”

Other occupiers at Queensway include The Shrewsbury and Telford Hospital NHS Trust, Chips Away, C&L Fabrications and Lisec UK.

St. Modwen surveyor Jonathan Green said: “Securing these final deals and reaching 100% occupation in a difficult economic climate demonstrates there is significant appetite for quality industrial units in strategic locations with good links to the motorway network.”