Speculative business park developed with £1.4m European funds

WORK has begun on a speculative Doncaster business park to meet demand for industrial units in the region.

The project has been partly funded with a grant of £1.43m from the European Regional Development Fund.

Carnell Management Services, who are investing in the build, will be developing small to mid-size sites ranging from 2,000 to 12,455 sq ft at the new Bullrush Business Park, sited off White Rose Way.

One Call Health, Unipart, DHL, Amazon, B&Q and Morrisons, which has opened a new superstore, are all occupiers of main business park First Point.

Rebecca Schofield, partner at the Sheffield office of Knight Frank who is marketing the development alongside PPH Commercial, said: “This is one of the first speculative developments we have seen in a number of years.

“South Yorkshire as a whole has continued to see demand for good quality accommodation where stock levels have reduced significantly over recent months.

“This development is designed to alleviate the significant pressure on availability of small to medium sized units. There has been a decreasing amount of choice for potential tenants. The scheme has already been well-received to the market with four units already under offer.”

Paul Carnell from Carnell Management Services said: “We are aware of the pent up demand in the area and the award of the ERDF grant has given us the ability and confidence to bring forward the scheme. We think that the quality of the units and the size range on offer will prove attractive to the market.”

Mayor of Doncaster Ros Jones said: “We are working hard to bring new jobs to the borough and it is great to see Carnell Management Services showing confidence in Doncaster by building these new speculative industrial units in a prime location.
“I am sure there will be plenty of interest and the Business Doncaster team will do all they can to work with the agents to attract new tenants.”