Speculatively developed business park attracts its first tenants

Firms are moving into a new industrial business park in Hull, following completion of the development.

Careco Ltd has taken two adjacent units totalling 6,000 sq ft and Lincs Electrical Wholesalers Ltd has agreed to take a 4,350 sq ft unit. The tenants have agreed 10 and five-year leases respectively.

Developed by The Derwent Group on behalf of the Albert Gubay Charitable Trust, Anlaby Trade Park in Springfield Way provides 49,000 sq ft of industrial space.

In total, 16 new units have been created. They are suitable for a variety and uses and available in sizes from 1,500 sq ft to 3,550sq ft.

The site is next to Anlaby Retail Park – also part of the The Derwent Group – which is an established destination with businesses including M&S, Costa, Pets at Home, Next, Asda Living, Iceland and a JD Gym on site.

Andy McCormack, senior asset manager at the Derwent Group, said “We were confident in our decision to develop this speculative scheme having recognised a lack of supply of high quality industrial and trade counter units in the area.  

“Whilst we have already secured the first two tenants at the Park, we have also had a number of serious enquiries from other potential occupiers – both locally and nationally.”

Chris Hyam, senior surveyor at Garness Jones, added: “We’ve seen excellent levels of interest in this development ever since we commenced marketing.

“The high quality specification of the units, mixed with the excellent West Hull location and close proximity to the Anlaby Retail Park, has proven popular with potential occupiers.

“As new build units they are more energy efficient than older stock, which in the current climate is a consideration for occupiers.

“The high levels of interest are a reflection of the need for high-quality, adaptable industrial space in the local market, which has not seen speculative new development of this high quality for a number of years.”