St Modwen secures agreement with Dyson

Property developer St Modwen has agreed to develop a warehouse for a firm which stores Dyson vacuum cleaners.

St Modwen will develop the 102,000 square foot building at its business park in Gloucester - making it the largest commercial property on the site, Property Week reports.

The company which will occupy the site, CM Downton, revealed that the new facility would help safeguard the firm's future.

Andy Downton, managing director of CM Downton, told the publication: "We looked at many sites but the park's close proximity to Junction 12 (of the M5) was the deciding factor."

"It represents a significant investment for the company but underpins our confidence in the future and our continued commitment to invest for the long term."

Meanwhile, Urban Initiatives will being working on a number of regeneration projects for the city of Birmingham.

The firm was recently named as the winning bidder for a 20-year development scheme for the area.

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