St Modwen Properties : . MODWEN ACQUIRES CHIPPENHAM GATEWAY

22nd May 2016

St. Modwen, the UK's leading regeneration specialist, has signed a conditional contract to develop a strategic 79 acre site immediately adjacent to Junction 17 of the M4 near Chippenham that will transform the land into a new region wide serving distribution park.

Subject to planning consent, the site, known as Chippenham Gateway, will provide up to 1,000,000 sq ft of B8 storage and distribution space when complete.

Located at junction 17 of the M4 and adjacent to the A350, Chippenham Gateway is expected to meet the requirements of both national and regional occupiers.

Rupert Joseland, Regional Director for St. Modwen in the South West, said:

'We are always looking to expand our investment portfolio in the south west and this site fulfils our acquisition criteria as a location offering excellent access to the motorway and regional road networks.

'We will commence preparation of a planning application over the summer and will submit the application in the autumn.

'Once consent is granted this development will bring new quality employment space to the area in what will become a well managed and well maintained business park environment.'

Andrew Ridler, Industrial Agency Partner at Alder King commented 'The involvement of St. Modwen follows on from the initial work undertaken by the Landowners in identifying and promoting their ownership's potential as a site of regional significance for large format logistics providers'.

JLL acted for St. Modwen whilst Alder King acted for the landowners.

With land available for development, businesses interested in design and build opportunities on buildings from 100,000 sq ft upwards to circa 450,000 sq ft should contact St. Modwen joint agents JLL and Alder King or visit www.st.modwen.co.uk.

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