St. Modwen has completed the build of its final phase of development at Albion Gateway, with 60% – 50,050 sq ft of the site – already successfully let.
East Staffordshire Borough Council approved the 82,700 sq ft scheme in June 2018 as St. Modwen set out to deliver on its ambitious industrial and logistics growth plans. The news follows the recent formation of the company’s dedicated business unit, St. Modwen Industrial & Logistics.
The developer will welcome a total of five new tenants to the site, just a few months after agreeing a deal to pre-let a 13,000 sq ft unit to leading building, plumbing and timber trader MKM Building Supplies Ltd on a 20-year lease and an additional 9,145 sq ft sale to a Burton-based manufacturing business.
Three units – totalling 14,140 sq ft of space – will be occupied by Bridgwater-based UK Storage Company (SW) Limited on a 25-year lease as the business expands on its home in the South West into the burgeoning Midlands industrial and logistics scene.
A further four units, totalling 11,291 sq ft in size, have been let to global machinery provider Beck & Pollitzer Engineering Limited on a 10-year lease, while local plumbers’ merchants James Hargreaves Plumbing Depot has also committed to a 5,300 sq ft unit on a 10-year deal.
The previous phase of Albion Gateway – in excess of 50,000 sq ft – was completed in 2016 and is home to an array of leading trade and manufacturing businesses, including Tool Station, Eurocell and A-Plant.
The remaining units at the scheme offer high-calibre industrial and logistics space ranging from 2,888 sq ft to 5,700 sq ft, with the option to combine units for larger businesses.
Gemma Butler, Asset Manager at St. Modwen, said: "To already be at completion with 60% of the site pre-let is testament to this project’s continued success. Through this scheme, St. Modwen is delivering economic expansion and significant employment opportunities for people local to Burton-upon-Trent. We have a committed pipeline of over 1.5m sq ft to deliver in 2019 and Albion Gateway will contribute greatly to that.”
Paul Rushton, Director at Rushton Hickman Limited (agents for the site), added: “It is no surprise that this range of versatile industrial and warehouse units are proving popular. Albion Gateway’s prominent location on an arterial route from the A38 into Burton-on-Trent makes it a prime location and particularly suitable for trade counter type occupiers.
“We are pleased to be welcoming five new businesses to the site and are having ongoing discussions with more high-calibre, potential occupiers with a view to securing further lettings at this highly sought-after development.”
Councillor Sonia Andjelkovic of East Staffordshire Borough Council, commented: “The high-quality design of the development creates a very inviting gateway into Burton from the A38. Albion Gateway will provide an excellent opportunity for several local businesses and, in turn, deliver great employment options for people in the area. I am pleased to see that the scheme has come to fruition.”
Albion Gateway is a landmark trade counter and warehouse scheme encompassing more than 130,000 sq ft across a 10-acre site.