Investors trade £4.15m for Sheffield Wednesday business park

A TRADE counter business park in Sheffield has been sold for £4.15m.

The 47,350 sq ft Hillsborough trade site was acquired by Columbia Threadneedle Investments, represented by Leeds-based property consultancy Gent Visick and representing a net initial yield of 6.86%.

Garry Howes, investment director at Gent Visick, said: “This is a strategic acquisition for Columbia Threadneedle and forms part of their overall strategy to purchase fundamentally prime stock.”

Adjacent to the Hillsborough football ground which is home to Sheffield Wednesday, the site includes six trade warehouse units, such as aTopps Tiles, Screwfix, YESSS Electrical, Dulux and Maplin.

Patrick Herbert of sellers Hillsborough Regeneration Company said: “We are very pleased with the result of this development, which was undertaken mid-recession. However, we were always hopeful that the location and investment made would make it a success.”

CPP partner Roger Haworth, who advised Hillsborough Regeneration, added: “This is one of the most significant property investment deals in Sheffield so far this year and graphically illustrates the region’s popularity underlining that well-located, quality assets, with proven occupiers, will always prove attractive.”