| the yorkshire region
A RARE OPPORTUNITY TO DEVELOP A STUNNING CIVIC BUILDING W
akefield first has a dedicated Inward Investment team to assist and promote the district as a thriving business destination. They are proud to promote the Wakefield district and strive to attract new investment and support the development of existing employers. They believe in building lasting relationships to promote growth and prosperity.
The Inward Investment team can support new existing businesses with a targeted property search based on customer requirements, support with access to relevant funding streams (grants and loans), assistance with recruitment and training, signposting to relevant agencies; as well as coordinating meetings with key partners including planning and transport and highways and provide a single point of contact for all investment enquiries including national and district specific data and identify business development opportunities based on clients requirements and maintain strong links with external partners such as UK Trade & Investment (UKTI), the Business Growth Service (formerly MAS). They also work closely with the wider region as part of the Leeds City
SEALS £19.1M DEAL KNIGHT FRANK T
he Leeds office of global property consultancy Knight Frank has bought a 281,000 sq.ft warehouse at Wakefield Europort for Knight Frank Investment Management (KFIM), acting on behalf of Lancashire County Council Pension Fund, for £19.1 million from IDI Gazeley. The Grade A warehouse, which is
located in Tuscany Way, Wakefield Europort, is occupied by Bibbys Distribution Ltd. Bibbys have just signed a new ten-year lease at a rent of £4.16 per sq.ft.
Rebecca Farnsworth, Investment
Partner at Knight Frank in Leeds, commented: “This is one of the most significant investment deals in Yorkshire this year. The region continues to be popular with investors and this sale underlines that well-located assets, with proven occupiers on long-leases, will always be attractive”. “The deal also reinforces Wakefield
Europort’s reputation as the premier logistics and distribution destination in the region. Its location is superb, with direct access Junction 31 of the M62, the primary Trans Pennine route. The M1 and the A1 are close by” said Ms Farnsworth.
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Region Local Enterprise Partnership (LEP) and the West Yorkshire Combined Authority. Currently there are grants available for development and a rare opportunity to develop a stunning civic building, the Former Crown Court, Wake field which is in the heart of Wake field City Centre, close to Westgate Train Station, Merchant Gate & the new University Centre
The building is suitable for a variety of uses including commercial and leisure (subject to planning) and there are grants secured and available for development of this Iconic Grade II* listed property The building comprises circa 1320m2 gross floor area and is located within the Wood Street Conservation Area and is accessed directly off of Wood Street itself. The grade II* listed building was built between 1807 and 1810 and originally consisted of a court room flanked by single storey ranges. The interior has been remodelled in the late nineteenth century, with further alterations in the mid twentieth century. The two storey building including a substantial basement (basement 705m2
, Ground Floor 975m2 , First floor
RENEWABLE ENERGY INVESTMENT
nward Holdings Ltd has invested in excess of £250,000 in renewable energy systems for three of its sites for storage and logistics operations, which will benefit its business tenants through lower electricity bills as well as boosting their green credentials.
O
The family-run business has been supplied with high performance, 50-100kVA solar arrays for the rooftops of its facilities based in Castleford, Featherstone and South Kirkby. The installations carried out by Class Energy are a significant investment in each site by Onward Holdings. With the current volatility of the energy
market, the commercial solar power systems are a great opportunity for businesses seeking warehouse space to control their costs and demonstrate to customers their commitment to the environment through sustainable energy technology and a lower carbon footprint. In addition to the new solar panels, all three sites have the advantage of being close to the motorway networks for fast delivery to all parts of the UK, the railway freight network, Humber ports and regional airports. They are in superb locations and can be utilised for a wide variety of uses, subject to planning permission.
).The building is constructed of fine- grained yellow sandstone. The roofs are covered with grey Burlington slates laid in diminishing courses, with lead-lined parapet gutters and lead ridges.
340m2
For further details or to arrange a viewing contact Mike Rayyan on: Tel: 01924 306444, Mob: 07825 503228 email:
MRayyan@wakefield.gov.uk
HALLMARK HOUSE ON THE MARKET
he Grade II-listed Hallmark House, one of Bradford’s most iconic buildings, has been placed on the market. The sale of the historic Art Deco building in Bingley Road follows the decision to move the headquarters of Hallmark Cards to its sister site at Dawson Lane in south Bradford. The 76,207 sq.ft building was built in 1937 and extensively refurbished in 2001. In addition to the House itself, 57,674 sq.ft of refurbished warehousing and stores are also included in the 8.8 acre sale.
T Mike Dove, partner with Yorkshire
property consultancy Dove Haigh Phillips, who are marketing the property, commented: “This is an outstanding – and rare – opportunity for either a residential or commercial development in the heart of West Yorkshire. We are inviting offers in the region of £7 million. “Hallmark House is a stunning four-
storey property in a semi-rural setting on the edge of Airedale, which has immense potential. It is likely that the ancillary warehouse and stores buildings will be replaced with new build homes to complement the property which is itself a Listed Building,” said Mr Dove.
COMMERCIAL PROPERTY MONTHLY 2016
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