Airedale success for Opus
AIREDALE Park, the £12m industrial development in Keighley
has been filled after the last remaining unit was sold to Yorkshire
Asset Management for £420,000.
The last unit of 10,000 sq ft, was sold soon after a 93,000 sq
ft refurbished factory building was bought by food packaging
company, PFF.
Ilkley-based Opus Land, the developer of Airedale Park, has
successfully sold or let almost 300,000 sq ft of refurbished
industrial and warehouse accommodation.
Opus Land bought 17 acres of development land from Magnet on the
furniture maker's site in Royd Ings Avenue and has transformed
it to provide six refurbished industrial warehouse units.
Recent deals at Airedale Park include the sale of Unit 4 to
Unity Tyres, Unit 5 to Real Engineering and Unit 1C to furniture
firm FFC. It is estimated that more than 200 jobs have been created
on the park.
Andrew Duncan, director of Opus Land, said: “This has
proved to be an exciting and successful development for Keighley
and has provided a tremendous boost to the town's economy. It
is great to see a proud and historic West Yorkshire town like
Keighley undergoing an economic renaissance and we are delighted to
be part of this”.
Andy Bairstow, the managing director of PFF, whose clients
include Morrisons, ASDA and Marks & Spencer, said: “The
unit on Airedale Business Park has allowed us the opportunity to
purchase our own building and provide us with ample space for our
ambitious plans.”
Mike Atkinson, of Leeds-based commercial property agents
Brackenridge Hanson Tate, said: “The success of Airedale Park
provides further evidence that the freehold industrial market in
the Aire Valley is buoyant should the right product be
presented.”
Lee Billborough of agents Hayfield Robinson who acted for PFF
added: “We have been looking for suitable premises for some
time and Airedale Park offered the size and quality of
accommodation my clients were seeking.”
Investment and development property company Opus Land was
launched in 1999 by Andrew Duncan and Richard Smith.
With backing from Palmer Capital Partners, Opus Land
concentrates on development opportunities throughout the UK from
its offices in Ilkley in West Yorkshire, London and the West
Midlands.
Development and investment projects undertaken include 21
Somerfield “essential ” supermarkets throughout the
region, Opus Park Stockton and developments in Sunderland, York,
Scunthorpe, Newcastle , Chester and Goole. The company's
current portfolio is worth more than £550m.
