Developer secures lease agreements with global coffeehouse chain
Harworth Group has begun the construction of two separate Costa Coffee drive-thrus on two of its development sites in Yorkshire, while also being on-track to deliver a major new Government facility by the autumn.
Costa Coffee Ltd has signed agreements for lease at Harworth’s Riverdale Park development in Doncaster and at Harworth’s head office at Advantage House in Rotherham.
Under the terms of both deals, Costa will enter into 15-year leases shortly after practical completion of two 1,800 sq ft drive-thru units.
Riverdale Park’s Costa will be practically completed in early October and is being built by JP Wild on Harworth’s behalf.
Advantage House’s Costa will be practically completed in November and is being built by HP Construction on Harworth’s behalf.
Adam Osborne, development manager at Harworth, said: “Demand for food & beverage drive-thrus in established commercial locations in the North of England remains very strong.
“We’re very pleased to accommodate Costa on another two of our sites, following our previous build-out of their unit at Logistics North in Bolton in 2018.”
Tim Powner, asset manager at Harworth, added: “We remain keen to grow our income portfolio to continue to cover the overheads of the business and both units on completion will generate a robust income stream.
“Having Costa on Riverdale Park and close to our Waverley development also directly supports our placemaking efforts as we continue our long-term delivery of these sites.”
The listed business also remains on-track to practically complete the UK Atomic Energy Authority’s (UKAEA) new nuclear fusion technology research facility at its flagship Advanced Manufacturing Park (AMP) development in Rotherham in September.
The 22,300 sq ft unit, which is being built by Sheffield-based contractor JF Finnegan on Harworth’s behalf, will comprise office accommodation split over two floors and a research laboratory at ground floor level.
The UKAEA will be taking a 20-year lease with Harworth on its completion in September and will employ 40 skilled people.
It will continue the authority’s working relationship with the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC) and Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC).
The facility is being funded as part of the Government’s Nuclear Sector Deal delivered through the Department for Business, Energy and Industrial Strategy.
An additional £2m of investment is coming from Sheffield City Region’s Local Growth Fund.