String of lettings signals ‘high demand’ for industrial space
Six lettings comprising 65,761 sq ft at two business parks have been completed, reflecting the “high demand” for industrial property in South Yorkshire.
Acting on behalf of Buccleuch Property for Mountcity Investments, the industrial agency team at CBRE in Leeds has overseen the deals at Thorncliffe Business Park and Provincial Business Park in Sheffield.
Thorncliffe Business Park has recently acquired four new tenants. Unit 26 comprising 2,874 sq ft has been let to Bardon Environmental on a six year lease term, while Unit 19 comprising 44,932 sq ft has been let to Shepley Engineers on a 10 year lease.
Unit 6, which offers 5,718 sq ft of space, has been let to Needham Coding on a five year lease. The fourth letting, Unit 10, at 1,615 sq ft is let to GP Fume Extraction.
Thorncliffe Business Park is home to a number of well-known occupiers, including Balfour Beatty, Distinction Doors and Plumb Centre.
Two further lettings have been secured at Provincial Business Park in Ecclesfield.
Unit 13a, warehouse/business unit comprising 5,355 sq ft has been let to E4 Plant Hire on a five year lease and Unit 13b, a 4,552 sq ft warehouse, has been let to Swegway Park.
Jacques Esterhuizen, associate director at CBRE Leeds, said: “We are delighted to secure multiple lettings at two of the most popular business parks in Sheffield. Our recent lettings success of six industrial units demonstrates the current high demand for industrial property within the South Yorkshire region. “
