120,000 sq ft of industrial property let to heating solutions business

Joule UK Limited, the UK’s largest supplier of hot water cylinders and heating solutions, has moved to Leftfield Park, a new industrial scheme off J32 of the M62 in Pontefract.

The company has consolidated its manufacturing and distribution facilities to the prime Grade A scheme of two units of 83,000 and 35,000 sq ft on a 15-year term.

CBRE’s Industrial team, joint agent with Carter Towler, has secured the lettings at Unit 1 and Unit 3 just months after the scheme was launched to market by Leftfield Properties.

Leftfield Properties acquired the newly developed units from Gregory Properties at the end of 2020, after having purchased an existing 21,400 sq ft unit at the same location in June last year which has now let to GEOAmey.

Danielle Raunjak, in CBRE’s Leeds Industrial Agency team, said: “We are delighted to secure this deal with Joule UK Limited, a market leader within its field and so soon after the scheme was launched to market.

“It’s a testament to the significant demand for highly specified units of this size along the M62 corridor at a time where there is limited supply of industrial space of this calibre in a strategic location.”

Nico Fourie, CEO of Leftfield Advisors Limited, said: “Leftfield Park is a well-specified warehouse development on the underserved M62 corridor.

“The property was identified as a strategic addition, in a key location, to the Leftfield Properties portfolio.

“The letting to Joule UK Limited now completes the park with another covenant that both strengthens the asset and enhances the portfolio.”

David Klages, managing director Joule UK Limited, added: “The move to a new, highly specified manufacturing and distribution centre is a step forward in ensuring the well-being of our workforce.

“And it allows us to invest and improve on the quality brands we have in the marketplace, to ultimately make significant improvements and developments to the heating and renewables sector.”