Work begins on new industrial park

CONSTRUCTION work has begun on Vantage Park in Sheffield.

South Yorkshire investor E V Waddington is developing the 10 units ranging in size from 4,575 to 13,562 sq ft in the already established commercial location home to occupiers including Tata Steel, The Symphony Group and Parcel Force.

The work has started thanks to £1m funding from the European Regional Development Fund (ERDF).

Rebecca Schofield, partner at the Sheffield office of Knight Frank who helped provide market advice to secure the grant and which is marketing the development, said: “There is now a shortage of small to medium sized good quality stock throughout the South Yorkshire region.

“We have seen sustained demand from the industrial and manufacturing sectors which the development at Vantage will cater for.”

The units are being developed within Sheffield City Region Enterprise Zone where capital allowances are available to qualifying occupiers.

Schofield added: “The units have been designed with the utmost flexibility and are suitable for manufacturing, industrial or warehouse use.”

Knight Frank worked with Sheffield-based Hera Regeneration to provide market and consultancy advice in respect of securing the grant allowing the site to be developed speculatively.

Rotherham property company, E V Waddington has already developed Shortwood and Aldwarke Business Parks and Chesterton Court in Rotherham.