Property group looks to sell newly-acquired big box
Investment managers Exeter Property Group have recently acquired a major industrial unit in Sheffield and are now looking to offload it.
Described as the “largest available rail connected” logistics facility in the UK, the unit at the Sheffield International Rail Freight Terminal consists of 336,000 sq ft of logistics space.
The unit is being marketed by the Sheffield office of Knight Frank along with CPP, on behalf of Exeter Property Group. It is located on Europa Way, close to the Advanced Manufacturing Park. Busineses in residence locally include Clipper M&S, Rolls-Royce, Boeing and McLaren Automotive.
Kim Farley of Exeter Property Group said: “SIRFT provides a high bay fitted distribution facility finished to an institutional specification ideally located with excellent road and rail access, which was attractive to us.”
Rebecca Schofield of Knight Frank said: “The ideal location and connectivity to M1 Junctions 33 and 34 will satisfy the requirements of any modern logistics/manufacturing operator and completion of the unit’s fit out makes it ready for immediate occupation.’’
Toby Vernon from CPP added: “For occupiers that see labour as a key requirement, Sheffield City Region offers substantial benefits. Sheffield has a total population of 577,000 with 8.82% lower labour costs in Sheffield City Region compared to the UK average.”
