Generating employment opportunities and deals signed with Overclockers UK and NVS
St. Modwen Logistics, one of the UK’s leading logistics developers and managers, has invested £65.5m to support regeneration in Stoke-on-Trent through the development of more than 450,000 sq ft of warehouse space in the past 18 months, with a further 480,000 sq ft currently under development. The significant investment in the area builds on the £56m Levelling Up commitment, announced by the Chancellor in his autumn Budget last year, to support restoration work and encourage employment within the region.
Through the development of its Stoke South and Stoke Central parks, St. Modwen Logistics is committed to generating employment opportunities and economic growth within the region. St. Modwen Park Stoke South, a 400-acre mixed-use development, has already proved a success with 2.3m sq ft of warehouse space developed to date and has attracted major occupiers including E.ON and Screwfix.
St. Modwen Logistics is developing more than 480,000 sq ft of warehouse space at St. Modwen Park Stoke Central, which is part of the wider 300-acre Festival Park development. Of this space in development, two pre-let deals have already been agreed for the development with personal computer e-commerce business, Overclockers UK, and National Veterinary Services (NVS).
Overclockers UK signed a pre-let agreement for a 99,000 sq ft warehouse at Stoke Central. The move will support the company following its rapid business growth over the last two years, as a result of high demand for PC peripherals and gaming computers from national and global customers.
