| the north east


WATCH THIS SPACE FOR ONWARD HOLDINGS’ LATEST WAREHOUSING C


ompanies seeking a foothold in the north of England are being offered a prime location to establish a distribution hub by Onward Holdings Ltd after the company secured planning permission for a new, high bay warehouse facility at its Green Lane Industrial Estate in Featherstone.


This latest development for Phoenix


Park is an exciting design and build opportunity as Onward Holdings will accommodate any alternative plans interested parties may have to suit their own specific requirements. The new building could be available to interested occupiers by March 2019.


There has been significant investment by Onward Holdings in the Green Lane Industrial Estate over the years, which has seen a wide range of companies occupy space at the site, bringing a much-needed jobs boost and business to the local area. Gaining planning B8 permission for


Phoenix Park is also a welcome shot in the arm for the region’s logistics supply chain as it has been well documented that warehouse facilities, especially close to excellent transport links, are lagging behind


scheme at Park Quadrant Glasgow and a commercial mixed use scheme at Mill Quarter Perth, Expresso Property have now secured further opportunities in North Yorkshire. Nick Robinson confirmed “we are delighted to have been


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appointed as lead developer for a 155 bed hotel and prime apartment scheme in Piccadilly York with views of Cliffords Tower. This is an important scheme in the regeneration of the area”.


In addition, they have also acquired a prime residential site just off the High Street in Northallerton. Stephen Hampshire said “we have just applied for a Reserved Matters consent for an exclusive gated development within walking distance of Bettys and the well known facilities on The High Street."


MALTON BUSINESS PARK W


ork starts on site next month (July) of the first phase of the pioneering 30-acre Eden Business Park near Malton. The multi-million pound business park, which is located immediately off the A64 by the Pickering Road (A169) junction by Eden Camp, will create 600 new and sustainable jobs. The first phase of this mixed industrial and office development comprises two terraces of 20,000 sq ft each, with four units of 5.000 sq ft and two units of 10,000 sq ft.


The units will be ready for occupation, on a freehold or leasehold basis, from February 2019. Yorkshire-based developers CDP Marshalls are confident that the business park, the largest speculative development in the area during the past 10 years, will prove popular, fulfilling a pent-up demand for quality industrial units with offices. Joint agent are Lawrence Hannah and AWS.


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he Mulgrave Estate has been granted planning permission for nearly 7,000 sq.ft of new, high quality office accommodation in a semi-rural location to the north of Whitby, North Yorkshire, to help meet demand from local businesses. Sympathetically converted from former diary buildings, five new modern office suites will be created, ranging in size from 613 sq.ft to 3,121 sq.ft, at the Ayrshire Buildings, Mulgrave Castle, on the Mulgrave Estate, a 15,000 acre estate, running from the coast to the North York Moors, just north of Whitby. Middlesbrough-based independent commercial property


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consultancy Dodds Brown has been appointed to market the new office space which will be ready for occupation from April 2019. “There is limited office accommodation for businesses in the


town centre,” says Richard Wilson, Associate Partner at Dodds Brown and letting agent for the Ayrshire Buildings at Mulgrave Castle.


COMMERCIAL PROPERTY MONTHLY 2018


demand due to a proliferation of e- commerce and discount retailers taking up available space.


Offering over 66,000sq.ft of


accommodation, the warehouse will consist of steel portal frame construction, benefitting from 12m eaves height, uniform floor loading of 50 kNm2


, six


loading doors (including 4 docks), first floor offices and 62 car parking spaces. It will provide a good-sized yard, excellent loading facilities and state-of-the-art security systems.


Green Lane Industrial Estate has a great geographical position with the M62 junction 31 less than three miles away. Other major transport connections include the M1 and A1M, northern container ports and Doncaster airport all in close proximity. The railway freight network via the Wakefield Europort is also nearby to make light work of the distribution of goods across a variety of sectors.


This site will provide an ideal solution for businesses wishing to service the north of England. A significant proportion of UK warehousing is currently centred on the West Midlands, but with the move towards


EXPRESSO LEAP INTO YORKSHIRE


ith a development pipeline in Scotland of over £100m including market leading a market leading residential


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same day delivery in certain parts of the country there is now increased demand for additional facilities in the north. Neil Storey, director of Onward Holdings, said: “The shortage of suitable warehousing is an ongoing problem for businesses so we’re delighted to have been granted planning permission for a new design and build facility in Featherstone. Firms looking for northern warehousing will benefit from the location’s fast track to around 80% of the UK’s population within four hours.”


Site promotion is being handled jointly by Andrew Miller, Andrew Miller Chartered Surveyors and Iain McPhail, Knight Frank. Onward Holdings can be reached on 01977 614007 or visit www.yorkshirewarehousing.com


YORK BOUTIQUE HOTEL


othbury Investment Management, on behalf of Lothbury Property Trust, is to fund a development of a new Malmaison boutique hotel in York.


The new hotel, which is a redevelopment of a 1960s landmark building previously known as Yorkshire House, is on Rougier Street, within the historic city walls and close to York’s railway station. The hotel will provide 150 bedrooms and a new rooftop ‘sky bar’ providing stunning views over York.


Once completed, the scheme will have a development value of


c. £44 million reflecting a net initial yield of 4.54%. Malmaison have agreed to a 35 year lease with RPI-linked rent reviews every five years, between 0% and 4%.


Development is commencing in the spring, with completion


scheduled for Q2/Q3 2019. The new hotel will provide 150 boutique rooms. Yorkshire Ventures will act as development manager.


NEW OFFICES NEAR WHITBY


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