Regeneration specialist St Modwen has completed its 16 acre Walsall Enterprise Park with the sale of the final building plot to Daneswood Mechanical Services for £475,000.
The machinery company, which will relocate from Oldbury, has acquired the one-acre plot to build a standalone storage and maintenance facility for power presses and machine tools. Daneswood will then occupy the unit, together with local company Machinery & Installations Ltd.
Ian Romano, of St Modwen, said: “St Modwen started works at the Enterprise Park over seven years ago and since then have turned the 16- acre site, which formerly housed the Pleck gas works, into a 250,000 sq ft industrial development which has led to the creation of more than 180 jobs, a large percentage of them in the manufacturing and distribution sectors.
“This final deal with Daneswood seals the success of the Park, which has been one of the most significant projects to be undertaken in the Walsall area as it has continually attracted a mix of local, regional and national businesses.“
Andrew Dixon acted for St Modwen.
Meanwhile, the first occupiers have moved on to Fenton Trade Park, the 60,000 sq ft speculative industrial and distribution development by Stoke-on-Trent Regeneration, a joint venture between St Modwen and Stoke-on-Trent City Council.
FreshTech Solutions, an exporter of second hand computers and Barton Estates, a building contractor, have purchased 3,500 sq ft and 2,300 sq ft buildings. Each has acquired the space on the three acre trade park, which comprises a total of 22 units that range in size from 2,500 sq ft to 17,500 sq ft.
Andrew Cox of St Modwen, said: “Over the past three years, St Modwen has delivered over 330,000 sq ft of speculatively built business accommodation in and around the city which in turn, has created hundreds of new job opportunities and encouraged many new companies into the area. And the latest activity at Fenton only goes to further illustrate the significant investment that we’ve made here.
“Despite the uncertainty in the economy, both FreshTech and Barton Estates are moving due to business expansion.
In addition, St Modwen has secured further interest at The Trade Park with four more units currently in solicitors’ hands. We also continue to receive a good number of enquiries from a variety of companies who are interested in the accommodation available here and we have committed to developing out the entire 25 acre site, of which Fenton Trade Park is the first phase.“
The 25 acre development, which formerly housed British Coal’s regional headquarters, forms part of St Modwen’s 300 acre landholding in this area of Stoke-on-Trent.
Louis Taylor acted for Stoke-on-Trent Regeneration.