Building Briefs: CPP; Yorvale; Eddisons; Escrick Park; Rushbond; and more
COMMERCIAL Property Partners (CPP) has negotiated a new ten-year lease on behalf of Kindale at the Foremost Industrial Estate in Sheffield.
Kindale owns three modern warehouse units, totalling 93,230 sq ft, at the industrial estate, adjacent to Junction 34 of the M1.
CPP acted as agents and negotiated the new 10-year lease from January 2014 on all three units to tenant Ferraris Piston Services (FPS). The annual rent is £363,000.
The Sheffield office of Knight Frank were joint agents on Unit 2, while FPS were represented by Charlton Commercial.
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THREE lettings have been completed at Yorvale Business Park, the flagship industrial development in York.
The deals mean that the seven-unit development at Hazel Court is almost full, with just one 2,060 sq ft end-of-terrace industrial warehouse still available to lease.
The new tenants at the business park are Choc Affair, signing for 2,500 sq ft of quality industrial space in the park’s largest unit; Get Cycling for 1,500 sq ft; and the Waggy Dog Creche, which has taken 1,900 sq ft.
Miles Lawrence of Lawrence Hannah, joint marketing agents for Yorvale Business Park, said: “To complete three lettings in the challenging commercial property market is a resounding endorsement of this quality business park. We have always had confidence in the park.”
Matthew Cormack, director of Yorvale Investments, the developers of Yorvale Business Park, added: “We bought the vacant site from the City of York Council in 2008 and built the park the following year. We were confident that the scheme would be successful because of the shortage of modern industrial accommodation in the city.”
Other tenants are Rothwell Electrical Services, TSL Electrical & Data Services and Fibrenet Electrical.
The joint marketing agents for Yorvale Business Park are Miles Lawrence of Lawrence Hannah and Ian Tulloch of Tulloch Property Consultants.
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THE Bradford office of Eddisons has completed the letting of a modern industrial unit at a business park near Keighley.
The 4,000 sq ft unit on the Marrtree Business Park on Ryefield Way in Silsden has been let to Reef Cosmetics, a cosmetic distribution firm, on a five year lease, off an asking rent of £5.25 per sq ft.
The new tenant has also been granted first refusal on the adjacent unit which is of a similar size.
Eddisons acted on behalf of Frank Marshall Estates.
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TOWN and planning consultancy Indigo Planning has made three promotions within the senior team of its Leeds office.
Richard Frudd and Rob Crolla have both been promoted to regional director level.
Frudd is a founding member of the company’s Leeds office with more than 13 years planning experience.
Since joining Indigo Planning he has worked with a range of national and regional clients, has helped secure planning permission for complex and large-scale projects across the country, undertaken retail impact assessments and co-ordinated environmental impact assessments.
Crolla has nearly 20 years of experience in planning matters including co-ordination and submission of planning applications and promotion of development through the development plan process.
Meanwhile Andrew Astin has been promoted to associate director. He has experience of both development control and planning policy, and of dealing with a large and complex range of planning applications. He is particularly well versed in commercial, residential and retail planning providing planning advice to national and regional clients.
Leading the provision of Indigo Planning’s consultancy services across the region, Simon Grundy said: “All three promotions reflect the hard work which has been dedicated over what has been a challenging few years for the property and development sector. We look forward to leading the Leeds office in an optimistic and improving market. It is clear that investor confidence in Yorkshire and the Humber is on the up and we very much welcome the boost it will bring to the regional economy.”
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A NEW tenant has moved into Escrick Park Estate between York and Selby.
Architectural consultants Hay Associates have relocated to the historic estate, which has been owned and managed by the Forbes Adam family for the past 300 years.
Since seven redundant farmsteads on the park underwent a comprehensive £1.4m refurbishment, more than 130 jobs have been created.
Mike Hay, director of Hay Associates, said: “Due to a period of outstanding growth, Hay Associates, are pleased to announce the expansion and relocation of its headquarters to The Holmes in Skipwith, from this month.
“We are delighted to have acquired the two-year lease of 1 The Holmes as our new 700 sq ft head office.”
John Burley, of York property consultants Briggs Burley, is marketing Escrick Park.
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A FAST-growing Chinese restaurant chain is preparing to open a new restaurant in Bradford’s Centenary Square that will create 40 jobs in the city after agreeing a deal with the landlord, property investment firm Rushbond.
The Chinese Buffet opened its first restaurant in Bolton and has since gone on to establish seven restaurants across the North of England and Wales. The company is currently fitting out the 6,000 sq ft unit, which will accommodate 180 diners and is due to open during March.
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DACRES Commercial has completed a trio of property deals at three key addresses in Skipton town centre after letting a large open plan space to a dance centre as well as two prominent retail units.
The company has let more than 2,000 sq ft on the second floor of Craven Hall, a landmark Victorian building on the junction of Sackville Street and Keighley Road, to The Northern Dance Centre which is Yorkshire’s longest established dance school. The organisation is now using the space as a dance hall and studio.
In addition Dacres Commercial has let Unit 3 in High Corn Mill on Chapel Hill to Cats Only Veterinary Care, which is now converting the unit into a veterinary practice. The historic former corn mill is located in a canal side location opposite Skipton Castle. The company has also let a retail unit at 21 Coach Street to The Gift Shop.
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PROPERTY firm CBRE has announced the launch of a day nurseries division which will be spearheaded from its Leeds office.
Specialist markets experts Sam Frankland and Clair McGowan will be combining sector specific understanding with in-depth market knowledge and capital markets to offer a full range of services to the sector including agency (leasehold and freehold), investment and valuation advisory, capital markets and professional services.
Frankland said: “As the specialist markets division we cover a range of sectors such as pubs and care homes to name a few. We have already been working with several day nursery operators to help them value and sell their properties and our new division will allow us to focus on the requirements of this busy sector and build a market leading service.”
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THE Sheffield office of Lambert Smith Hampton has secured lettings for two offices at Ebor Court in Doncaster.
Completed with joint agents PPH Commercial, the latest deals leave just four units available for occupancy on the 13-office complex owned by Wilton Developments.
Foster Plus has taken 2,100 sq ft at unit 12 and Inspired Property Management has agreed the 1,600 sq ft unit 6.
Tony Chappell at PPH Commercial acted as joint agent on the two deals.
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THIRTY new jobs are to be created as an independent Yorkshire letting agent launches a residential sales arm.
Linley & Simpson unveiled details of the jobs boost as the first stage of the roll-out of the new venture went live.
The company’s three Leeds branches – city centre, Roundhay and Horsforth – are the first to offer a residential sales service after the company staged a successful pilot at its newest branch in Saltaire.
All ten of the company’s offices will have a sales dimension by the end of the year as part of a phased roll-out.
Other branches include York, Harrogate, Ripon, Wetherby, Wakefield and Ilkley.
