Hardware distributor takes on space at business park
Greater Manchester Pension Fund (GMPF) says a second industrial letting has completed at the recently developed Leeds Valley Park.
Located on Savannah Way, Stourton, Leeds Valley Park is owned by GMPF, which is advised by Catella APAM.
Yorkshire-based Caddick has acted as both developer and contractor on the scheme, with Carter Towler, CBRE and Avison Young acting as joint agents.
Carter Towler’s industrial agency associate director Hazel Cooper said: “We are absolutely delighted that Leeds Valley Park is now 40% let.
“It is an excellent and much needed addition to the region’s mid-box warehouse and distribution property market.
“It has been constructed to a very high quality by Caddick and we are already having advanced conversations with interested parties on the remaining units and will hopefully be able to announce the third letting soon.”
Carter Towler has negotiated a 15-year lease deal with hardware distributor Decco for 47,000 sq ft of Unit 6.
Decco will be expanding its operations in Leeds in its new premises. Decco was represented by Tom Goode of Knight Frank in this deal, which closely followed the recent letting of 70,000 sq ft at unit 2.
Rob Oliver of joint agents Avison Young added: “These six new units are in a fantastic position located just minutes from the M1’s junction 44 and junction seven of the M621.
“The remaining units range in size from 25,746 to 60,950 sq ft and have been rated as BREEAM Very Good reflecting the energy and environmental considerations that have been taken into account.”
Councillor Gerald Cooney, chair of Greater Manchester Pension Fund, added: “This is part of GMPF’s long-standing successful programme of investing in assets in Greater Manchester and the wider Northern region with the twin aims of delivering commercial returns to meet our pension liabilities whilst having a positive impact on the local regional economy.
“We are confident that several more businesses will be joining Decco here shortly and taking full advantage of these high specification warehouse and manufacturing units.”
