Yorkshire News
120,000 Sq Ft Industrial Letting at Leftfield Park
Joule UK Limited, the UK’s largest supplier of hot water cylinders and heating solutions, has made a strategic move to Leftfield Park, a two-unit, newly developed industrial scheme off J32 of the M62 in Pontefract, West Yorkshire.
Leftfield Park
The company has consolidated its manufacturing and distribution facilities to the prime Grade A scheme of two units of 83,000 and 35,000 sq ft on a 15- year term. CBRE’s Industrial team, joint agent with Carter Towler, has secured the lettings at Unit 1 and Unit 3 just months after the scheme was launched to market by Leftfield Properties.
Leftfield Properties acquired the two newly developed units from Gregory Properties at the end of 2020, after having purchased an existing 21,400 sq ft unit at the same location in June last year which has now let to GEOAmey.
Danielle Raunjak in CBRE’s Leeds Industrial Agency team, commented: “We are delighted to secure this deal with Joule UK Limited, a market leader within its field and so soon after the scheme was launched to market. It’s a testament to the significant demand for highly specified units of this size along the M62 corridor at a time where there is limited supply of industrial space of this calibre in a strategic location.”
Nico Fourie, CEO of Leftfield Advisors Limited, commented: “Leftfield Park is a well-specified warehouse development on the underserved M62 corridor. The property was identified as a strategic addition, in a key location, to the Leftfield Properties portfolio. The letting to Joule UK Limited now completes the park with another covenant that both strengthens the asset and enhances the portfolio.”
Two Landmark Sheffield Buildings go up for Sale as Pantera Appointed by LPA Receivers Wilson Field
Expert property valuation and disposal firm Pantera Property has been appointed by LPA receivers and independent insolvency practitioners Wilson Field to sell two landmark Sheffield properties in the Castlegate area of the city centre. The Old Town Hall and the former Cannon Hotel on Castle Street were owned by developer Aestrom and are now in the hands of LPA receivers after the business fell into financial difficulties.
Built in 1808, the Old Town Hall building whose iconic clock tower was added 60 years later, also housed Sheffield’s courts until 1997, since when the property has been unused. With a guide price of £1.35m, the over 40,000 sq ft, four-storey grade II- listed property has planning consent for a mixed-use development of 12 serviced apartments, along with 12 hotel rooms, a roof terrace and commercial uses on the ground floor and basement.
Opposite the Old Town Hall, also on Castle Street,
the four-storey former Cannon
Hotel has been converted into three luxury 1,000 sq ft, three-bedroom apartments with open-plan kitchens and reception rooms. The development also includes two 1,000 sq ft retail units on the ground floor and basement.
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Leeds Prime Offices Renovation Completed for ‘Return to the Workplace’
A major renovation programme has been completed to transform a prime office site in Leeds city centre, ahead of the ‘return to the workplace’ plans.
The Coach Works is the result of major investment by Regional REIT to transform over 41,000 sq ft of Grade A workspace that was formerly known as Chancellor Court at 21 The Calls. It now incorporates state of the art features that maximise hygiene and safety,
including enhanced ventilation, automatic doors and ‘sani-stations’ as well as ‘super-loos’ with touch free operation in self contained cubicles.
The development is made up of two buildings, with current occupiers including St James Place Wealth Management. It is located on The Calls, a popular area now recognised as the Tech Hub of Leeds City Centre and is surrounded by independent shops, trendy bars and a rich selection of eateries.
The property is owned by Regional REIT and is part of its extensive UK property portfolio worth in excess of £700 million. London & Scottish Property Investment Management (LSPIM) asset manages the portfolio on behalf of Regional REIT.
Suites from 3,250 sq ft up to 10,000 sq ft are currently available to let at The Coach Works. Knight Frank and Cushman & Wakefield are marketing the scheme.
Five New Deals Completed at Historic Yorkshire Mill
Five new office deals have been completed at Sunny Bank Mills, the iconic Yorkshire mill complex between Leeds and Bradford.
Seven Districts Coffee, The Hip Store, Brainstorm, Applied Creative and White Rose Training have all moved into new offices at the refurbished mill in Farsley, where YTV’s Emmerdale and Heartbeat were filmed.
During the past 10 years Sunny Bank Mills, one of the most famous family-owned mills in Yorkshire, has been transformed into a modern office, retail and leisure complex for the 21st century. It is now home to more than 75 companies, who employ a total of 400 staff.
These five deals come hard on the heels of a raft of significant office, retail and leisure lettings at Sunny Bank Mills during the past few weeks.
John Gaunt John Gaunt, joint managing director of Edwin Woodhouse, the owners of Sunny Bank Mills, commented: “These five deals are excellent examples of quality businesses being attracted to a quality business environment. The versatility and flexibility of space here is attracting an exciting breadth of occupiers.
Homes Manufacturer in Move to 208k Sq Ft Warehouse Site in South Yorkshire
200 jobs are set to be created over the next year as modular homes manufacturer IDMH commits to a South Yorkshire warehouse base.
Joint agents Knight Frank and CPP have secured a lease for the 208,663 sq ft site at Tinsley Industrial Estate in Sheffield, to Liverpool-based IDMH Limited.
The Tinsley Depot site, formerly home to leading brewer AB InBev UK, will become IDMH’s new design to manufacturing base as part of ambitious nationwide growth plans.
IDMH plan to use the new base for their modern methods of construction bespoke concept design to production.
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Rebecca Schofield, partner and head of the Yorkshire industrial team at Knight Frank, which acted on behalf of AB InBev UK with joint agent CPP to sub-let the remainder of their lease at the site, said: “IDMH swooped quickly to secure this site. There is short supply of this type of unit of this size to satisfy demand.
“These premises are ideal for a company
wanting easy access to the motorway network with the M1, M62 and M18 motorways all within easy reach and we understand that IDMH were also attracted to the skilled labour available in the region.”
COMMERCIAL PROPERTY MONTHLY 2021
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