St. Modwen submits planning for Phoenix Park

Date of issue: 25 October 2010

PROPOSED DEVELOPMENT TO BRING UP TO 160 JOBS TO LONGTON, STOKE-ON-TRENT

Developer St. Modwen has submitted a planning application for the development of Phoenix Retail Park in Longton - a shopping proposal set to bring £8 million of investment and up to 160 job opportunities to the town.

Reinforcing St. Modwen's commitment to regeneration in Stoke-on-Trent, the planning application is intended to kick-start the redevelopment of this former timber works site through the delivery of five new retail units totalling 42,100 sq ft, together with a restaurant with Drive Thru and parking for 233 cars.

St. Modwen has been encouraged by the level of interest from occupiers for its proposals and has already identified a number of high profile occupiers. Lettings have been agreed with McDonald's for the restaurant, and retailers Smyths Toys and Pets @ Home to occupy a 15,000 sq ft and 7,500 sq ft unit respectively. The company is also in discussions with other parties for the remaining retail units which range from 5,100-7,500 sq ft.

It is anticipated that Phoenix Retail Park will deliver up to 160 new jobs in the local community, with opportunities for flexible full and part time working. The McDonald's restaurant alone is expected to bring up to 100 new job opportunities, providing employees with access to an award-winning training programme and the chance to gain externally-recognised qualifications.

Subject to planning approval, St. Modwen anticipates construction beginning on site at Phoenix Retail Park in early 2011 with completion ready for occupiers to take advantage of the Christmas trading period.

-ENDS-

Notes to Editors

St. Modwen Properties PLC

St. Modwen is the UK's leading regeneration specialist, operating across the full spectrum of the property industry through a network of six regional offices and a Birmingham-based head office. The company is wholly focused upon regeneration with expertise in brownfield land renewal, town centre regeneration, partnering with industry, Innovation Centres and education projects.

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