Tray company secures 41,000 sq ft industrial space

A tray manufacturer has let 41,000 sq ft of industrial space in Leeds on a 10-year lease.

Just Trays has secured the premises on Whitehall Road in the South West of Leeds. Clearbell Property Partners, a fund managed by Clearbell Capital LLP, confirmed the industrial asset deal.

The property has undergone major refurbishments in recent months, including roof and yard repairs, re-cladding, and improved lighting.

Just Trays was last month acquired by Kartell UK and employs 125 people. At the time, they said it was part of a strategic growth drive.

Clearbell has 22 assets across the UK and also confirmed the letting of a Thetford space at the same time.

Dominic Moore, Head of ESG and Asset Management at Clearbell Capital, said: “These lettings demonstrate the ongoing success of the Cara portfolio, which aims to service a fundamentally undersupplied industrial sector. Given that both assets were let within a year of becoming vacant, it is evident that there is sustained demand for this type of space, in the right locations. We are well positioned to capitalise on this demand in key regions.”