The industrial property market is responding positively to the locational advantages that have been enhanced in Staffordshire following the opening of the M6 Toll which is assisting the relief of traffic congestion on the M6, says NAI Fuller Peiser. A measure of the relief motorway’s early success has been the recent letting of a speculatively built 10,683sq m warehouse to Iron Mountain, the records management company, at the 128-acres Prime Point, Stafford, adjacent to the M6’s J14, a few miles north of where the motorways divide.
Iron Mountain fully recognised the benefits of locating Prime Point, one of the most visible business parks alongside motorway in the centre of the country, having considered a number of sites in the Midlands.
The joint agents, Cushman & Wakefield Healey & Baker and newly appointed NAI Fuller Peiser, expected to see increases interest in Prime Point and a significant rise in its profile, once the M6 Toll opened.
Interest from all sectors, and particularly from retailers and third-party distribution companies, is now growing in the remaining building at Prime Point of 15,793sq m which can be expanded to 18,580sq m. It is available at a rent of £4.50 per sq ft.
Prime Point has planning consent for a further 92,900sq m of industrial and office buildings.