Duo of deals at £3m speculative business park
Two deals have been completed at the £3m Bridge Business Park in Huddersfield.
Aluminium and glazing specialists HWA have taken 18,000 sq ft in Units 2 and 3, while PTFE Flex are moving into the 7,000 sq ft Unit 1. Headline rents are £8 per sq ft.
West Yorkshire property company Frank Marshall Estates has developed the park speculatively, having bought the land from Mamas & Papas in 2015.
The 2.73 acre site is situated next to the headquarters of Mamas & Papas in Colne Bridge Road.
Terence ‘Chad’ Chadwick, managing director of PTFE Flex, who manufacture PTFE hose assemblies, said: “We are incredibly grateful to landlords Frank Marshall Estates, who have been our landlords from the very start in 2013. They helped us at our previous premises at Wellington Park Business Park in Bradford, which they own, and have supported us as our business has expanded.
“Ultimately we have outgrown our base at Wellington Park and moving to the Bridge Business Park seemed the obvious solution. We trust Edward and Jimmy Marshall of Frank Marshall Estates completely and it made perfect sense to move to their state-of-the-art new business park.
“The look and quality of our new building is superb, which fits in perfectly with our aspirations for the company. The location, meanwhile, is perfect. So it’s just right for us, providing an excellent base from where we can continue to expand and flourish.”
Edward Marshall added: “We are delighted with these two new deals, which means the park is almost full only a year after completion. It is a pleasure to welcome our two new tenants.
“Speaking more generally, the M62 corridor is now one of the hotspots for industrial property in West Yorkshire, providing swift access to both the East Coast and the West Coast ports, as well as linking into the UK’s superb motorway network. It’s logistics gold dust.”
Sniffers Pet Care, a specialist Yorkshire pet food wholesaler and distributor, has already taken 6,250 sq ft of quality light industrial space at Bridge Business Park.
Jimmy Marshall added: “Although Frank Marshall Estates has extensive interests in West Yorkshire, this is our first major development in Huddersfield, one of the county’s foremost towns with a splendid industrial history.
“We are proud to be contributing to the area’s economy, by building bespoke business/industrial units and creating jobs. We are committed to the town.”
Jonathan O’Connor of West Yorkshire property consultancy Walker Singleton, who are marketing the site for Frank Marshall Estates, said: “The success of the Bridge Business Park is well-deserved. The quality of the units is exceptional, with superb workmanship. It was brave of Frank Marshall Estates to develop speculatively, but that decision has paid off handsomely.”
Simon Mydlowski, a partner in Leeds law firm Gordons, has provided legal advice on these deals and is part of the letting team.