134,000 sq ft Amazon unit snapped up

A 134,400 sq ft unit which is let to internet retailer Amazon has been acquired in a deal believed to be Sheffield’s largest industrial investment in 2016.

Commercial Property Partners (CPP) represented Oxenwood Real Estate in the deal, which saw the urban logistics centre acquired from a private company for an undisclosed amount.

The acquisition was made off market and will be the eighth asset acquired within the Oxenwood Catalina joint venture.

The newly constructed building on the 5.5acre site is located east of Sheffield city centre and near to Meadowhall Shopping Centre.  

Amazon will be using the unit to service the surrounding Yorkshire and Nottinghamshire regions.

Roger Haworth, partner at CPP, said: “This acquisition marks the latest in a succession of completed sales by CPP in the Sheffield region. We’re very pleased to have worked with Oxenwood on this deal, which is a good indicator for the strength of the property market for urban logistics in South Yorkshire.”

Stewart Little, joint chief executive of Oxenwood, said: “The group is delighted to have continued its acquisition drive and growth of its portfolio with the addition of a brand new ‘last mile/urban logistics’ centre occupied by one of the most exciting names in the sector. Urban logistics continues to drive innovation and we are delighted to own a new facility serving the UK’s fifth largest city.”