Building Briefs: Really Useful Products; Mawsons; Stephenson Day; York Place; Gent Visick
MANUFACTURER Really Useful Products has acquired additional warehouse and distribution space in Normanton at Eurolink Industrial Estate.
Owned and managed by Peloton Properties, Eurolink Industrial Estate forms part of Normanton Industrial Estate.
Really Useful Products already occupies 54,000 sq ft in Normanton and has agreed to take a further 21,000 sq ft on a five year lease.
Paul Mack, director and head of the Yorkshire industrial and logistics team at DTZ, says: “Having successfully attracted a national food manufacturer, Ginsters in March 2014 we are delighted to announce that such a well known name in the region such as Really Useful Products has chosen to acquire additional premises on this estate. Eurolink Industrial Estate continues to prove to be highly popular and provides a modern and secure industrial estate in a prime location within the region.”
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COMMERCIAL property surveyor Mawsons has completed a number of deals in Leeds.
Unit 1 Moorfield Trading Estate in Yeadon has been sold to a private individual from an asking price of £285,000 whilst the adjoining 2,880 sq ft hybrid unit has been let to the expanding steak bar and restaurant group Moody Cow on a four year term.
Unit 1 at Farnley Low Mills off Whitehall Road, which extends to 9,050 sq ft, is now occupied by worktop manufacturer Counter Creations on a five year Lease. Kavendor, which specialise in the supply of medical clothing and textiles, has taken a five year Lease at Unit 2 Woodlands Complex close to the east Leeds outer ring road.
In the city centre, Levi Solicitors has taken an additional 1,265 sq ft of office space at second floor 8 Park Place to accommodate the increasing demand for their services whilst the five storey office building at Waverley House in Woodhouse Square is now fully occupied following the letting of the second floor to Candor Law.
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STEPHENSON Day, acting on behalf of AEW UK Core Property Fund, has acquired s business park investment for £2.9m.
The freehold interest of Centre 27, Bankwood Way in Birstall is represents a net initial yield of 11.4% from pension fund clients of LaSalle Investment Management.
The property comprises nine office buildings let to 13 tenants. The floor area totals 37,447 sq ft and the total gross income is £349,479 a year.
Singer Vielle acted for LaSalle Investment Management (LIM).
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A £500,000 refurbishment programme has been completed at a commercial building in Leeds city centre.
Frank Marshall Estates bought 6 to 8, York Place 12 months ago and has carried out an extensive programme of works on the listed building.
The firm has now instructed the Leeds office of Eddisons, which completed the purchase of the Georgian style property on their behalf at the end of last year, to carry out the marketing.
The Grade B office space extends to 15,000 sq ft and comprises a lower ground floor and four upper floors, with accommodation ranging from 340 sq ft up to 2,000 sq ft. There is also secure private parking.
Current tenants include Independent Appointments (UK) and Vanguard Wealth Management.
The joint agent is Carter Towler.
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SIGNLEX has taken the next step in its expansion programme through the leasehold acquisition of Unit 12 on the Maybrook Industrial Park.
The letting of the 5,000 sq ft unit has been secured on a new 12 year lease which will enable the company to manufacture in-house from the new facility.
This letting follows the recent appointment of Gent Visick and Carter Towler as joint letting agents for the development.
Richard Henley of Gent Visick said: “We are delighted to have been appointed as agents for the Maybrook Industrial Park and to have secured the first letting almost immediately. Signlex will compliment the existing tenant mix at the estate.”
Simon Belton from Signlex added: “Maybrook, close to the city centre and to the Armley Gyratory gives us an excellent base from which to implement the next stage of growth for our business.”
Currently a single unit of 5,000 sq ft remains available at the estate on a leasehold basis.
Gent Visick and Carter Towler acted for the landlord, The Avon Capital Estates Partnership, whilst Tapp Chartered Surveyors acted for Signlex.
