Full house at business park following extensive refurbishment programme
A £1m refurbishment has led to full occupancy at a 112,000 sq ft Rotherham business park.
New tenant Fourways Traffic Management, introduced to the industrial scheme by property consultants Knight Frank, has completed the line-up of 20 occupiers at Waleswood Industrial Estate, while two lease renewals have been agreed for a further five years.
The established MLI estate, comprising 22 units across three terraces, was purchased in October 2021 for £9.95m by BCCIM, a joint venture between Barwood Capital Ltd and Caisson Investment Management, in their Urban Industrial Income LP. They undertook a substantial refurbishment of the development.
Improvements included ESG works to improve the energy efficiency of the estate with new roof coverings, cladding and replacement of windows and doors.
Harry Orwin-Allen, senior surveyor at Knight Frank in Sheffield which marketed the units with CPP, said: “The offer of modern refurbished units, tailored to occupiers needs, has satisfied the continued need for good quality accommodation, and subsequently achieved strong headline rent levels.”
Fourways Traffic Management has joined the local and national occupiers at Waleswood including Yorkshire Crisps, Pollybrook Ltd and Xpress Sameday Ltd.