Yorkshire Counties South Yorkshire Mayoral Combined Authority (SYMCA)


Led by Mayor of South Yorkshire Oliver Coppard, the South Yorkshire Mayoral Combined


Authority (SYMCA) brings


together the local authorities of Barnsley, Doncaster, Rotherham and Sheffield and the private sector through our Local Enterprise Partnership (LEP).


The Mayor, MCA and LEP have a shared purpose to create a stronger, greener, fairer South Yorkshire. We work together to unlock the potential of our people, businesses and places and ensure they prosper.


Our Strategic Economic Plan (SEP) provides the blueprint for how we will transform our region. We will keep people and businesses moving and help them grow, delivering a world- class public transport network and attracting investment to create a stronger, greener, fairer South Yorkshire by 2040.


Our vision is to grow an economy that works for everyone. We will develop inclusive and sustainable approaches that build on our strengths


in innovation and embrace the


UK’s 4th Industrial Revolution, to contribute more to the country’s prosperity and enhance quality of life for all.


We have powers and resources, devolved from Westminster to South Yorkshire, which mean we can take decisions locally about our economy, transport, skills, housing and infrastructure.


We use these to create a vibrant, thriving South Yorkshire where people want to live and work. Locate in South Yorkshire


We attract new investment to our region through


Yorkshire.


tools This


such as Locate in South free-to-use web tool helps


site selectors and real estate professionals to make an informed choice when relocating a business or investing in our region. It includes vital information on demographics, workforce,


consumer spending, business,


industry, talent and enables you to compare the different areas to gain a true, impartial picture of the towns and cities throughout the region, including the workforce potential, their education and wages.


The tool also enables to answer fundamental questions, such as ‘Is there suitable land or property available for a business there?’; ‘Does this area have a market for my business to succeed?’ ‘Is there sufficient skilled labour?’ and ‘What are the salaries paid in that area for this industry?’.


In addition, you can check out competition in an area, analyse the community profile, consumer expenditure and talent pool, in fact everything you need to know if you are looking to invest in or relocate a business to this area.


For more information about locating a


business in South Yorkshire, visit the website https://scrinvest.com/


Scarborough Group Lands Yorkshire’s Largest Office Letting for Second-Year Running


Leading property regeneration and


placemaking specialist, Scarborough Group International (SGI) has secured Yorkshire’s largest office


letting for a


second-year running, having leased the entirety of its 65,000 sq ft speculative office building at Sheffield Digital Campus, Endeavour, to global technology and telecoms firm, BT Group.


The deal follows hot on the heels of SGI’s 133,117 sq ft pre-let at Thorpe Park Leeds in February 2021, which represented the largest single out of town office deal ever recorded in West Yorkshire and the biggest property transaction in the Northern Powerhouse region over the preceding twelve months.


In addition to being the largest office letting in Yorkshire so far this year, the BT Group deal is also understood to be the largest office letting in Sheffield city centre since 2016, when HSBC took 140,000 sq ft at Heart of the City II, and the largest letting at Sheffield Digital Campus since the development was first established in 2007.


Designed by CJCT architects, Endeavour features an impressive double-height reception, seven highly-efficient and flexible floorplates of up to 10,323 sq ft


32


each, 4,844 sq ft of ground floor amenity space, club-class changing and shower facilities to promote active-travel, and a rooftop terrace offering panoramic views of the Steel City’s skyline.


The state-of-the-art office building is the final phase of the acclaimed Sheffield Digital Campus, marking the completion of 15 years of development and the creation of circa 243,000 sq ft of business space that is home to a plethora of household names including Sky, IBM, Kennedys and Atkins, supporting up to 2,500 skilled jobs


BT Group has signed a 15-year lease for the eight-storey building to create a new office hub which will be able to house around 1,000 colleagues as part of its ongoing


Better Workplace programme


anchoring the Group as one of Sheffield’s major private sector employers.


Speculative construction of the BREEAM Excellent building commenced in June 2021 and practical completion is scheduled for early 2023, with BT Group expected to take occupation later in the year following the completion of its CAT B fit out programme, which will feature the latest technologies and collaborative workspaces.


Europa Capital Signs c. 630,000 sq ft pre-let with Alliance Automotive Group at Rotherham Logistics Park


One of the largest logistics developments in the north of England


Europa Capital, the pan-European real estate investment manager announces that it has signed a c. 630,000 sq ft, 25-year pre-lease with Alliance Automotive Group (“AAG”), a leading distributor of passenger and commercial vehicle parts, at Rotherham logistics park, on behalf of its value-add fund, Europa Fund VI.


AAG subsidiary Ferrari Piston Services (“FPS”), a distribution partner for a number of leading automotive brands, will occupy the space and is expected to commence its move into the property next summer with operations commencing in 2025.


89% of the site is now pre-let with construction of the facility, along with a smaller 80,000 sq ft unit, expected to complete in July 2023. The development is targeting a minimum BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’.


The property benefits from excellent arterial connectivity, with direct links to junction 1 of the M18 at Rotherham, providing access to the UK’s wider motorway network. It occupies a prime distribution location within the M1- M18 triangle, close to the large markets of Leeds and Manchester, as well as bridging the last mile to 1.4 million consumers in the Sheffield city region.


Rachel Hanke, Managing Director and Value-Add Fund Manager at Europa Capital, commented: “Despite current headwinds, securing a pre-let with a tenant such as AAG at an early stage of construction is a testament to the resolve of the asset management team and strength of the fundamentals in the sector, especially for high- quality assets such as the Rotherham logistics park. We continue to experience a good level of occupier interest in the remaining unit and are focused on letting up this space.”


James Keast, Asset Manager at Europa Capital, adds: “The signing of this lease is a huge milestone for our development in Rotherham. Our park offers a unique opportunity to lease a large site in a prime logistics location which has a fundamental lack of supply. We look forward to welcoming AAG as a new occupier and working with them to deliver the modern and high specification building which they require for their operations.”


Steve Richardson, AAG’s Managing Director, said: “We’re delighted to partner with Europa Capital to secure this new facility for our FPS business. We’ve experienced significant growth since acquiring FPS in 2016 and this investment not only allows us to consolidate our three existing facilities in Sheffield, but also forms part of our wider programme to strengthen our distribution infrastructure to ensure we are prepared for future growth.


COMMERCIAL PROPERTY MONTHLY 2022


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