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11/11/2013

The St. Modwen North Staffordshire Property Portfolio

St. Modwen describes the land that it owns and holds for future redevelopment as a Portfolio. It's North Staffordshire Portfolio comprises 7 sites.



Etruria Valley Business Park - Located in the heart of Stoke-on-Trent with direct access to the A53 and A500 urban expressway to Junctions 15 and 16 of the M6, Etruria Valley is part of Festival Park, the premier mixed use Business Park in North Staffordshire. Comprising major office and commercial development, retail park, leisure park (cinema, tenpin bowling, Waterworld) four star 150 bedroom Hotel, restaurants and housing. Covering over 300 acres, the latest phase of development has been undertaken in partnership with Tata Steel and joint venture company Stoke-on-Trent Regeneration Ltd, with a predicted investment value of £185m. Approximately 60 acres of land remains available for development and is allocated for major employment use. Within this, outline planning consent was granted in November 2012 for the next phase of 15.6 acres, to provide up to another 270,000 sq ft of mixed use office, manufacturing and storage space on site.


Hartshill (Shelton New Road) - The Hartshill site fronts on to Shelton New Road in the centre of Stoke on Trent, in a mainly residential area. A former industrial site of 11.25 acres St. Modwen is working in partnership with land owner, Dyson Industries Ltd to secure planning consent for the redevelopment of the site. Following a public consultation in autumn 2012, an application has recently been submitted for 110 ‘high-quality’ family homes that are much needed in the area, along with a local centre incorporating a small convenience store, parade of four small shops and a public house and restaurant. Some 220 jobs will be generated during the construction process, along with 75 permanent roles at the pub, restaurant and shops.

Fenton 25 & Fenton Trade Park - Located in the centre of Stoke-on-Trent with easy access to the A50 Stoke – Derby dual carriageway and Junction 15 of the M6, Fenton 25 is a development site for industrial and warehouse uses within an established industrial area. Part of the site has already been developed by St. Modwen for the Fenton Trade Park (a much larger site totalling 318 acres, the first phase of which has already been developed). Approximately 24 acres remain available for immediate development. This is a development by St. Modwen subsidiary, Stoke-on-Trent Regeneration Limited, a joint venture company between St. Modwen Properties PLC and Stoke-on-Trent City Council, (shareholding 81%/19%), formed in 1993 to bring about brownfield land development in Stoke-on-Trent. The development is managed by St. Modwen’s regional development team. The remainder of the site will be developed to market demand.

Trentham Lakes - Located within the southern part of Stoke with frontage and direct access to the A50, Stoke – Derby dual carriageway very close to the junction with the A500 urban expressway connecting Stoke to Junctions 15 and 16 on the M6, Trentham Lakes is a premier distribution, industrial, and mixed use business park in Stoke on Trent. Developed by St. Modwen, it is home of the Britannia Stadium, premiership Stoke City FC’s home ground, as well a hotel, restaurants, car showrooms, major distribution and manufacturing companies, residential development and a district shopping centre. The £235m site covers 400 acres with approximately 60 acres remaining for development with outline planning permission for B1, B2 and B8 opportunities, including an application by St. Modwen Homes to develop 300 new high quality homes.

Norton Park - The Norton Park is accessed from the A53 Leek New Road, the main road from the centre of Stoke on Trent towards Leek in Staffordshire. It comprises a total of circa 99 acres which has been reclaimed to create a large residential development site, with a District Centre development site adjacent and extensive public open space. All the residential land has been sold and developed for about 700 new homes. There remains 4.25 acres of the District Centre site, with direct frontage and access from the A53 Leek New Road, to be developed for retail, restaurant and associated uses, with recent sales made for an ALDI supermarket and a Public House. In addition, new walkways have been created through the Newford Valley linking the public open space, residential and District Centre.

Trentham Estate & Gardens - The Trentham Estate has direct access off the A34 on the southern edge of Stoke-on-Trent, 2.5 miles via the A500 / A34 dual carriageways from Junction 15 of the M6.Covering 725 acres, the Estate is a major tourist and leisure destination, attracting over 3 million visitors per annum. Centred on the famous Trentham Gardens, which have undergone complete restoration, the £100m site includes a mile-long Lake, major Garden Centre, Shopping Village, Hotel and other Leisure attractions including Trentham Monkey Forest. Detailed planning permission has been secured for a 70,000 sq ft final phase of the Shopping Village and 70 Holiday Lodges, between the Monkey Forest and the Lake at the southern end of the estate.

Victoria Ground - Located facing the A500, close to Stoke town centre, Victoria Park is the site of the former stadium and car parking areas of Stoke City Football Club. Covering some 15 acres, the first phase of development will deliver much needed executive family homes to the area and a planning application with Persimmon Homes, for 113 new homes, was submitted in December 2012. The project will also bring visual, environmental and economic improvements for the benefit of new and existing communities, including the creation of hundreds of new jobs during the construction process. The proposed plans will also include an acre of open space and children’s play area. Approximately 6.5 acres will remain for development, suitable for residential / appropriate main road uses.

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