Quartet of industrial lets signals upturn in tenancy interest

Industrial and commercial property specialist Towngate has secured four new leases across three of its Leeds trading estates, which it says marks a “notable” upturn in tenancy interest.

Starting their occupancies at the company’s Copley Hill Trading Estate are Packaging Services Europe and Nicholls and Clarke.

Newly refurbished Unit A has been occupied by reusable transit pallet and crate provider Packaging Services Europe, which has taken the 26,115 sq ft warehouse and industrial unit on a five-year lease.

Also joining the packaging experts at Copley Hill as the new occupants of neighbouring Unit E5, is the Nicholls & Clarke Group. The building product manufacturer and distributor has taken on the tenancy of the 4,985 sq ft space for 10 years.

Elsewhere, distribution and courier service provider Farsley Transport is starting its three-year occupation of Unit 4C at the Olympia Trading Estate, off Gelderd Road. Adjacent to this 8,055 sq ft warehouse space, Units 4A and B are currently in the final stages of refurbishment and will be available to let individually or as a single 10,814 sq ft unit.

Also setting its sights on the city, with a view to growing its northern operations, is electrical specialist TLA Distribution. The firm has taken on Unit C Turnkey Park – a 3,035 sq ft space comprising warehouse and trade counter.

Towngate’s property manager Tom Lamb said: “These recent signings are another indicator that businesses can see the potential that the North – and particularly Leeds in this instance – has to offer.

“The prime positioning of Towngate’s sites – combined with generous loading and parking areas, modernised facilities and optimum security – means we can supply highly functional spaces that fulfil demand.”

Towngate is a property specialist and landlord based in Brighouse, and was advised on these latest four deals by Paul Mack, Jonathan Jacob and Dan Walker of Gent Visick, and Jake Pygall of GVA.