Developers snap up a further site for 100,000 sq ft speculative scheme
Developers have snapped up a 5.66-acre site at the Aero Centre Yorkshire to build two units totalling more than 100,000 sq ft of speculative space.
Trebor Developments, working in conjunction with its partner, Hillwood, have agreed terms with Peel Land and Property (Peel L&P) to acquire the site, which surrounds Doncaster Sheffield Airport (DSA). Trebor has now submitted a planning application for a two unit, industrial, speculative development and will deliver units of 45,380 sq ft and 58,345 sq ft, suitable for manufacturing or distribution uses.
The deal announcement comes just a day after the firms confirmed their plans to build a 408,000 sq ft scheme which would be ‘largest speculative industrial build in the North.‘
The latest development will be known as Avion and subject to planning construction is due to commence in summer 2019 for Q1 2020 occupation by prospective occupiers.
The development by Trebor and Hillwood is the third in the area to be announced by the partnership, with a speculative 78,458 sq ft unit shortly to commence on site at Atomic, 31 East, Dinnington.
Bob Tattrie, Managing Partner of Trebor Developments, said: “We have worked closely with Peel in relation to the design proposals for the industrial facilities on this site, which will see the next phase of the Airport and surrounding land implemented during this year. The mid-size industrial units will appeal to a range of local and regional occupiers looking for quality, competitively priced, accommodation to lease and providing unit sizes which are not generally available in the area. We look forward to implementing the scheme this year”.
Andrew Farrer, Development Manager for Peel L&P, added: “Trebor and Hillwood’s commitment to the site demonstrates continued investor confidence in Aero Centre Yorkshire and in Doncaster as a whole. Investment at the Airport is quickly gathering momentum and the development will form an important element to DSA’s masterplan, creating further employment opportunities as well as boosting the local economy.”
Trebor Developments and Hillwood are represented by the Sheffield office of Knight Frank and Commercial Property Partners in Sheffield.