New units on way at Capitol Park to tackle shortage of industrial stock

Two new units being built at Capitol Park in response to what property experts say is an imbalance between demand and supply of industrial property across South Yorkshire.

CDP Marshall, in conjunction with Barnsley Council, are now on site at Capitol Park at Dodworth J37 M1, building two new units of 23,900 sq ft and 15,000 sq ft.

The project is due to reach completion September this year and will be available to let or purchase.

Rebecca Schofield, partner and head of Knight Frank’s industrial property team in Yorkshire, said: “The good news is that a number of developers, including CDP Marshall at Capitol Park, Barnsley, are responding positively to this lack of supply in South Yorkshire by building speculatively. This will provide a timely boost to the industrial property market in the South Yorkshire region.”

Chris Marshall of CDP Marshall added: “We are very grateful for the support given to Capitol Park by Barnsley Council. This has helped us to speculatively development two high-quality units, which will attract businesses and jobs to the Barnsley region.

“This support is a resounding endorsement of Capitol Park. The site is recognized as a prime business park location with occupiers having a very significant impact on the local economy, contributing to a very prosperous future for Barnsley.”

Rebecca Schofield added: “These two new units are a great addition to Capitol Park. There is currently a shortage of good quality industrial stock in South Yorkshire, so they will fulfil the demand in the market.”

“CDP Marshall has a superb track record in developing quality industrial units and we expect strong interest in these two, given their location, in a successful business park next to Junction 37 of the M1, and their high specification.”

Meanwhile CDP Marshall has just announced two other deals at Capitol Park.

The NHS have signed a deal with Marshalls to build a new 75,000 sq ft bespoke blood facility which is now on site. At the same time Gem Imports has purchased a new 76,000 sq ft facility.

Both buildings are located on a 12.63 acre site, which has been granted planning permission for general industrial use, together with storage and distribution facilities. Once fully developed, 500 jobs will be created at Capitol Park.

Mike Heydecke, director of Sterling Capitol, the original developers of the 36-acre Capitol Park, commented: “I am delighted that Capitol Park Barnsley is continuing to succeed and the unrivalled location proves attractive to both local, regional and national occupiers.’’

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