St Modwen has let more than 30,000 sq ft of warehouse space to footwear distributor Gardiner Bros & Co at its Quedgeley West business park in Gloucester.
The deal at the 32-acre park brings the total amount of space let or sold at the park in the last eight months to 180,000 sq ft.
In February St Modwen, the regeneration developer, presold a 102,000 sq ft warehouse, part of the park’s third phase, to local company CM Downturn, which it will use to store Dyson vacuum cleaners.
Valley Forge, a business information provider, and City Link, a parcel delivery firm, have pre-leased two buildings totalling 47,000 sq ft.
Gardiner Bros has taken the space in two units of the second phase leaving two units left in the second phase, totalling 45,000 sq ft left.
‘With just two units of 32,000 sq ft and 13,000 sq ft remaining, we are now preparing to submit planning for the fourth and final phase at the business park which, in addition to underlining our ongoing investment in the area, will provide 140,000 sq ft of warehouse distribution space, in units ranging from between 15,000 sq ft to 40,000 sq ft,’ said St Modwen development surveyor Peter Davies.
‘We believe there remains good occupational demand for this range of unit sizes in this location within a quarter of a mile of junction 12 of the M5, as evidenced by our ongoing transactions.’
Hugh Wilkinson acted for Gardiner Brothers. Ash & Co and DTZ represented St Modwen.
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