Letchworth businesses ready to move into new headquarters after £5 million construction completed

A pair of Letchworth businesses have signed up to move in to the new industrial estate in Letchworth

A pair of Letchworth businesses have signed up to move in to the new industrial estate in Letchworth after the £5m construction by St Modwen was completed. Credit: BJP Photography - Credit: Archant

A pair of Letchworth businesses are set to move into shiny new headquarters following the £5 million construction of a new industrial estate.

Both safety products company Tyco and transportation firm Titan Logistics Limited are moving into new headquarters in Works Road after the 90,000 sq ft development was completed by regeneration specialists St Modwen.

St Modwen obtained planning permission from North Herts District Council for the brownfield site – which was formerly a power station and had been vacant since 2006 – last year and began work in December.

Nick Smith, who is St Modwen development manager, said that the new industrial space had enabled the businesses to stay in the town.

“As with a number of towns in the region, Letchworth has not seen major new industrial development for a number of years, meaning that a lot of the existing accommodation is becoming unsuitable for modern, ambitious businesses,” he said.

“By delivering this new space we are glad to be able to keep these key employers in the town, capitalising on Letchworth’s excellent connections across the region and the UK as a whole.”

St Modwen agreed a 150-year leasehold on the site with the Letchworth Garden City Heritage Foundation in 2008.

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John Lewis, who is chief executive of the Foundation, said: “To have new industrial units created and let so quickly is an encouraging sign of business confidence in the town, which we are also experiencing with our own portfolio.”

The industrial estate is expected to provide in excess of 100 jobs.

St Modwen’s £1.5 billion portfolio includes the regeneration of New Covent Garden Market in London, as well as Swansea University’s £450m Bay Campus.

For more information on the development visit www.stmodwen.co.uk.

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