Speculative 75,000 sq ft logistics unit completes
REGENERATION company Harworth Group has practically completed its speculative 75,277 sq ft ‘Helix’ unit in addition to a 4,700 sq ft drive-thru unit for KFC & Taco Bell, marking the latest stage of development for Sheffield City Region’s newest commercial scheme.
Helix is the fourth commercial unit to be directly developed by Harworth at the site, which it says is designed to meet the region’s demand for, and limited supply of, new manufacturing and logistics units, particularly for small and medium sized businesses.
JF Finnegan practically completed the ‘Helix’ unit – the largest speculative commercial development in the Borough for a number of years – earlier this month, while Trojan Developments also completed the fast-food unit.
‘Helix’ now offers manufacturing and logistics space and is ready for immediate occupation.
Funding for the construction of the unit came from a £2.7m loan from the Sheffield City Region (SCR) Joint European Support for Sustainable Investment in City Areas (JESSICA) Fund.
Letting agents for the development are Knight Frank and Gent Visick, who are actively marketing the Helix unit to a range of national and local companies for immediate leasehold occupation.
The 4,700 sq ft fast-food unit at the front of the development will be now be leased by Fieldrose on a 20-year lease and then occupied by their KFC and Taco Bell franchisees.
Both restaurants are expected to be open from October following the completion of fit-out work. The completion of these units means that just 1.63 acres of land remains to be developed at the site for roadside retail or leisure uses.
The first phase of Gateway 36 is estimated to create more than 450 new jobs in addition to having the potential to add £20m in Gross Value Added to the local economy.
Dave Travis, associate director of business space at Harworth, said: “I am proud of how Gateway 36 is developing, with the new Helix unit having great prominence to the Dearne Valley Parkway. The completion of Helix is further proof of Barnsley’s economic growth and we are confident that we will quickly secure an occupier for the unit, with a list of occupiers already expressing an interest.”
Shaun Higginbottom, business investment manager for Enterprising Barnsley – Barnsley Council’s Investment and Development Team – said: “It is great to see yet more progress in the development of high quality industrial units at the prime Gateway 36 development. Having achieved our highest level of inward investment in seven years, business confidence and interest in Barnsley is strong and we look forward to working with Harworth to attract an occupier to this excellent new facility as well as occupiers to the remaining R-evolution units.”
