Developer St. Modwen has completed its first phase of speculative development at St. Modwen Park Gloucester, delivering more than 174,000 sq ft of space in three new units – with unit 2 of 56,262 sq ft already let to a leading heating specialist.
Expected to create around 230 jobs in the local area once occupied, the 44,861 sq ft, 56,262 sq ft and 73,597 sq ft units provide quality, well-located and flexible space – ideal for medium-sized industrial and logistics businesses.
The 58-acre site is close to the M5 at junction 12. Build to suit opportunities are also available to meet specific occupier requirements across the remainder of the site up to 400,000 sq ft.
Peter Davies, Development Director at St. Modwen Industrial & Logistics, said: “St. Modwen Park Gloucester is an important strategic site for our continued delivery of high-quality industrial and logistics space. The market demand for schemes of this nature within the Gloucestershire area is high, which is evidenced with one unit already let to a leading heating specialist.”
Richard Harman, Partner at DTRE, added: “Market demand for the scheme has been particularly high due to its proximity to the M5 motorway. It’s therefore no surprise that St. Modwen has acted swiftly to deliver three high-specification warehouses here. Discussions have been underway with prospective occupiers since the back end of last year and we look forward to welcoming new occupiers soon.”
Adrian Rowley, Partner at Alder King, added: “This is a prime location and home to an array of quality warehousing units, all ideal for manufacturing and logistics firms. We’re confident these new units will attract a number of high-calibre occupiers.”