Well-known 10-acre crane site sold in multi-million pound deal
A 10-acre site which is well-known for housing cranes beside the M1 near Meadowhall has been been sold for £3.8m.
Made famous by the ‘Christmas Cranes’, a festive beacon on the South Yorkshire skyline for M1 travellers every December, the Grange Mill Lane site has been sold to Selenium Developments Limited: a joint venture partnership between Thorngrove Land & Property Limited and Seddon Developments. The JV was established to invest in key logistic sites along the UK motorway networks.
The 10-acre site is currently leased to HTC Wolffkran, responsible for exporting cranes the length and breadth of the country.
Leading national property consultancy, Commercial Property Partners LLP (CPP), advised on the sale of the land – located beside Junction 34 on the M1, near to Meadowhall Shopping Centre.
Lee Charnley, Director at Selenium Developments, said: “This opportunity at Grange Mill Lane is a key acquisition for Selenium on what is undoubtedly a significant site along the M1 corridor.”
Charnley continues: “One of the main attractions in acquiring this investment was the lease with HTC Wolffkran, allowing ample time to consider all future options for the site.”
Roger Haworth, Partner at CPP, added: “The Grange Mill Lane site is an extremely prominent plot of land which provides unrivalled access to the M1, as well as a number of other major road, rail, air and sea networks that are ideal for any industrial business operating nationally, as well as internationally.
“It is an extensive site, and the significant investment from Selenium Developments is reflective of its further potential.”
More recently the Grange Mill Lane site played host to the filming of cult-classic Dr Who, seeing the first female Dr, Yorkshire-born actress Jodie Whitaker perform her own ‘death-defying’ leap 60 ft up between the two iconic cranes at the popular landmark.