The new multi-million pound Technology Retail Park under development by St. Modwen, the UK’s leading regeneration specialist, is already 100 per cent pre-let – 10 months prior to its earmarked opening in September 2015.
Located on Technology Drive off the A426 Leicester Road on the outskirts of Rugby, the 110,000 sq ft retail park has secured lettings from major retailers Homebase, Wickes, Pets at Home and Bensons For Beds.
Homebase has taken a 48,751 sq ft unit plus 10,000 sq ft for a garden centre; Wickes has taken a 26,597 sq ft unit plus 10,000 sq ft for a garden and external compound area; Pets at Home has taken a 9,942 sq ft unit; and Bensons for Beds has taken a 9,613 sq ft unit. These floor areas include first floor mezzanine space.
The lettings, a central part of the fourth phase of works at St. Modwen’s 70 acre regeneration scheme on Leicester Road, will complement the existing offer at Junction 1 Retail Park and support the ongoing regeneration of the area.
Peter Rudd, senior development surveyor at St. Modwen, said: “We have secured a great tenant line up prior to starting on site, which demonstrates the demand for units of this size and the strength of the site’s location. The new Technology Retail Park will play a central part of our new multi-million pound urban community on Technology Drive and is great news for shoppers and the local economy.”
St. Modwen’s latest announcement for the Leicester Road development site follows the recent opening of the Greene King pub and the sale of land to Taylor Wimpey for new housing. The final phase will include a further 175 homes, with public open spaces and landscaping.
St. Modwen’s residential business, St. Modwen Homes, is currently onsite constructing 180 new apartments and houses at Edison Place which benefit from the established amenities developed in the first stage of works that include nearly three acres of public open space, local play areas, landscaping, a wildlife area and pedestrian and cycle links.
St. Modwen’s Technology Drive scheme is located within two miles of the M6 motorway and is close to existing shops, services and Rugby Train station. It is also minutes from the £35 million Warwickshire College which was constructed by St. Modwen and opened in 2010.
Ramsdens was St. Modwen’s letting agent at Technology Retail Park.
