yorkshire region | OCCUPIERS DRIVE
SHEFFIELD OFFICE TAKE UP O
ffice take up in Sheffield for the first quarter of 2017 has totalled 170,000
sq.ft – just 30,000 sq.ft less than for the whole of 2016. Thirty-five companies relocated or
moved into Sheffield between January and March this year with office space being snapped up in locations from newly built St Paul’s Place in the city centre to multi-million-pound refurbished project Meadowhall Business Park. According to the report, compiled by
Creative Sheffield with the city’s main commercial property agents, the Sheffield office of Knight Frank was responsible for the biggest percentage of deals in the quarter – handling a third of the transactions and securing tenants and buyers for 56,650 sq.ft of space. The most notable deals for Knight
Frank included 16,000 sq.ft to marketing agency Jaywing at Albert Works on Sydney Street; 9,100 sq.ft at Players House in Attercliffe sold to manufacturer Gripple and 6,000 sq.ft to employment and training provider People Plus. ARBA Group’s Meadowhall Business
Park, close to the new Ikea development and Meadowhall Shopping Centre, saw brisk business with 12,950 sq.ft of space occupied by companies including NG Bailey, Chique Photography and Auburn Ainsley, with strong interest in the majority of the rest of the business park. Handelsbanken moved into 3,500
sq.ft at 3 St Paul’s Place, while 3D design specialists Lightwork Design expanded into 5,800 sq.ft at Hillsborough Barracks. “So far this year, moves have been
occupier driven rather than inward investment,” said Ben White at the Sheffield office of Knight Frank. “There was a blip last year following
the first announcement about Brexit and then it was business as usual. There are currently over a dozen active enquiries for space over 10,000 sq.ft. “Following a shortage of high
specification office accommodation there is now speculative development, such as Acero, the latest phase of the Digital Campus with 80,000 sq.ft of Grade A space offering large and flexible floor plates. In addition is Steel City House offering 66,000 sq.ft of Grade A office space in the Heart of the City, both ready for late 2017, which when added to existing well-appointed, city centre accommodation such as 3 St Paul's Place, Westfield House and The Balance, occupiers do have some choice”. Total office take-up in 2016 reached
201,500 sq.ft, 36 per cent below the ten- year average. In 2016, prime headline office rents remained unchanged at £23.00 per sq.ft.
COMMERCIAL PROPERTY MONTHLY 2017
KNIGHT FRANK APPOINTED TO SHEFFIELD’S ACERO S
carborough International Properties Limited has appointed the Sheffield
office of global property consultancy Knight Frank to market the landmark 80,000 sq.ft Acero office development. This flagship office development
comprises five floors of spectacular Grade A office space and forms the third building of the successful Sheffield Digital Campus. It is currently being built alongside
Electric Works and Ventana House which proved popular with high profile tenants including Sky and WanDisco. The appointment sees Knight Frank
work with CPP and Fearnie Greaves as joint agents on the £27m project being funded by Kevin McCabe’s Scarborough and Metro Holdings Limited of Singapore. Peter Whiteley, head of office at Knight
Frank in Sheffield, said: “We are delighted to have been awarded this prestigious instruction by Scarborough, the owners of Sheffield Digital Campus, who have built, and are currently building, some of the finest office developments in the city. “We experience a very high level of
interest in quality office space in Sheffield, with currently a shortage of Grade A office
Acero, which is due to be completed
this summer, will feature open plan floors of between 11,500 sq.ft and 14,700 sq.ft over five floors, air conditioning and extensive glazing for natural light, an impressive triple height reception area and 62 secure car parking spaces.
DUNEDIN INDUSTRIAL APPOINTS KNIGHT FRANK
has appointed Knight Frank to market two South Yorkshire business parks. The Sheffield
D Tom Swallow
office of Knight Frank has been appointed for the first time by Dunedin Industrial to let 45,000 sq.ft of space across 6 units located in Rotherham and the Dearne Valley. Stadium
Court Trade Park near Rotherham and Houndhill Park at Wath-upon-Dearne provides trade counter / light industrial accommodation, both of which are in short supply across South Yorkshire. Tom Swallow, Senior Surveyor at
Knight Frank, said: “We are delighted to have been appointed by Dunedin Industrial to market two key industrial sites in South Yorkshire, which form part of the company's Midlands portfolio. “Stadium Court forms part of the
unedin Industrial, one of the UK's largest industrial property owners,
stock in the city centre. “The excellent location, opposite
Sheffield train station and minutes from the city centre shopping area, creates a business destination with all the benefits of the city centre on its doorstep.”
Barbot Hall Industrial Estate, accessed directly off the Mangham Road to the north of Rotherham and comprises 17 modern trade counter units arranged in 6 terraces with good links to the nearby M1 motorway. The buildings offer accommodation available from 3,980 sq.ft with the ability to provide up to 8,000 sq.ft in one building. “Houndhill Park is accessible to both
Leeds and Sheffield and comprises of high quality industrial units with generous eaves heights of 8.0m eaves, separate parking and loading facilities and fitted office accommodation. “The two parks are proving very
popular and space of this quality is in relatively short supply across the region due to demand outstripping supply and development and we have had strong interest with the units to date.”
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