Commercial Property News

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Wednesday, February 22, 2024

Rolls Royce site bought for £6m

St Modwen Properties Developments has completed the £6.35million acquisition of the former Rolls-Royce headquarters in Hillington.

The 31-acre site, now being launched as Pegasus Business Park, is being transformed to make it attractive for national and local industrial and distribution occupiers, with the potential to create hundreds of jobs.

Work will soon begin to refurbish the existing 800,000sq ft of accommodation to create units from 20,000sq ft to 130,000sq ft. Modernised office accommodation will also be available in suites between 200sq ft and 5000sq ft.

St Modwen is also preparing a planning application to construct four industrial units, from 15,000sq ft to 25,000sq ft, and hopes to begin construction during the summer.