HAT TRICK OF LETTINGS AT NORTH STAFFS BUSINESS PARK

2nd June 2010

HAT TRICK OF LETTINGS AT NORTH STAFFS BUSINESS PARK!

Northern Trust has secured a hat trick of new lettings at North Staffs Business Park, Stoke-on-Trent taking the total occupied space to over 80% fully let. Units 8 and 10 each measuring 1,099 sq ft have been let to Tritech and Paul Greasley respectively on 3 year deals, whilst Unit 17 totalling 2,553 sq ft has also been leased on a 3 year term.

Stephen Doherty of Daniel & Hulme, joint agents on the scheme commented on the lettings “North Staffs Business Park has proven to be exceptionally successful, and reflects Northern Trusts ongoing commitment to providing high quality warehouse/workshop units. The combination of high quality units, excellent location, and the flexibility of having a rolling 3 month Break Clause incorporated into the Tenancy Agreements, is what makes this development by far the most successful of its kind.”

With the latest 3 lettings confirmed there are now only 4 of the 17 units remaining at the 28,000 sq ft Business Park, which forms part of Northern Trust’s £8.5 million investment at Chatterley Valley and includes a state of the art serviced office facility, known as Genesis Centre.

Diane Joynson, Centre Manager at Genesis Centre added “In what has been a challenging time for both Landlords and Tenants, the flexible tenancy agreements on offer at North Staffs Business Park have proved popular. With only 4 units available in sizes ranging from 1,099 to 1,660 sq ft we are confident that the Park will be 100% fully occupied in the near future.”

Northern Trust has worked in partnership with Stoke on Trent City Council, North Staffs Regeneration Partnership, and Advantage West Midlands (AWM) to bring this development to fruition. Part of AWM’s total investment to the project includes £1.7 million gap funding towards the scheme.

North Staffs Business Park is strategically located on the junction of Chatterley Road and Reginald Mitchell Way at Chatterley Valley, on the northern fringe of Stoke-on-Trent. The business park is conveniently situated adjacent to the A500 dual carriageway providing easy direct access to junction 16 of the M6, which lies 5 miles west of the site, and the City Centre 5 miles to the south. The local amenities of Tunstall are readily accessible being less than a mile from the business park whilst Kidsgrove is just over 2 miles away.