Investment Group Acquires Modern Warehouse Property


Acting on behalf of Barmston Developments, CBRE together with joint agents CPP, have sold Unit 2 at Enterprise 36 industrial park to CBRE Global Investors.

The agency team has been retained to seek a tenant for the speculatively developed unit which forms part of a four-unit scheme located in Tankersley, South Yorkshire.

The 77,804 sq ft unit 2 at Enterprise 36 includes versatile industrial/warehouse space along with office provision, a large secure yard and loading area and 54 car parking spaces. The property is available for immediate occupation.

With deals completed last year by Barmston Developments – a subsidiary of Leeds based Wilton Developments – on both Unit 3 and Unit 4 and work well underway on Unit 1 which is being developed for USL, Unit 2 concludes the 300,000 sq ft Enterprise 36 scheme.

The scheme is being supported by Barnsley Council’s Enterprising Barnsley investment team and its BMBC Property Investment Fund.

Jason Stowe managing director of Wilton Developments, said: “We are delighted to complete the sale of Unit 2 at Enterprise 36, confirming the successful outcome of all four plots at the scheme.

“The speed with which these prime units have been acquired reinforces our strategy of well specified good quality units in strong locations.”

Mike Baugh, senior director at CBRE Leeds, said: “We are pleased to have concluded the sale and to be acting as joint agents to bring to market the final unit at Enterprise 36.

“The scheme offers prospective occupiers the unique opportunity to create a space designed to meet their bespoke needs.

“With the supply of high quality, well located units within South Yorkshire in high demand, we anticipate high interest in this remaining unit to let.”

Investment group acquires modern warehouse property


New Site Supports Expansion Plans of Pop Culture Merchandise Firm


Licensed pop culture merchandise business GB eye has agreed a major lease at an industrial scheme in Tankersley.

CBRE Global Investors has secured the lease with the business at Enterprise 36 industrial park, a month after acquiring the speculatively developed unit from Wilton Developments.  CBRE’s Industrial team in Leeds, alongside joint agent CPP, advised on the deal.

GB eye has signed a lease for the 77,906 sq ft Unit 2 at Enterprise 36 as a result of sustained growth.  The business, which has specialised in in posters and fan-based merchandise since 1986, is expanding into the new premises to support their growth plan following its recent consolidation to the European Abysse Corp Group.

Unit 2 at Enterprise 36 industrial park forms part of a four-unit scheme located in Tankersley, South Yorkshire. With deals completed by Wilton Developments last year on both Unit 3 and Unit 4 and work well underway on Unit 1, the successful letting of Unit 2 concludes the scheme.

Danielle Raunjak in CBRE’s Leeds Industrial Agency team, said: “It is a fantastic result to have secured a deal with GB eye at Unit 2, Enterprise 36, particularly with an established, growing Sheffield business. The deal demonstrates the high demand for grade A, well located units along the M1 corridor and this is further compounded by the severe supply constraints.”

Steven Birks, managing director at GB eye, added: “The team at GB eye are delighted to have completed the lease on Unit 2, Enterprise 36. This warehouse gives the platform we need to expand our pick and pack capabilities and aid our growth in the UK.

“Abysse have big investment plans in the UK, and this unit was an ideal fit as far as size and location. With the addition of these premises, we will be expanding the GB eye team across this site and our existing site in Sheffield to enable this growth.”

https://www.insidermedia.com/news/yorkshire/new-site-supports-expansion-plans-of-pop-culture-merchandise-firm


Milestone Reached on Speculative Industrial Development


 

A milestone has been reached in the construction of a speculative industrial development in West Yorkshire.

Latitude is a two-unit industrial warehouse scheme at Junction 31 of the M62 in Normanton, West Yorkshire being brought forward by Wilton Developments and CBRE Global Investors.

Work on the units, which will comprise 43,000 sq ft and 34,500 sq ft, is well underway, with construction being undertaken by Leeds-based contractor Castlehouse Construction.

A key construction milestone has now been marked with a topping out ceremony.

Jason Stowe, managing director at Wilton Developments, said: “We are pleased to reach this construction milestone at Latitude. The development is on track for its completion in early 2022 and we are already handling significant interest in the units. Identifying key sites such as this and unlocking its potential will enable the regional logistics sector to continue to thrive.”

Mike Baugh, senior director at CBRE Leeds, added: “Latitude has all the key attributes that occupiers are seeking. The location provides immediate access to the M62 and is in the heart of the distribution network and the quality meets all the expectations of modern space. With shortages well documented across the region we are already handling strong interest in these units.”

The Latitude units set to achieve practical completion in Q1 2022 and joint agents CBRE and Carter Towler are in discussions with interested parties.

https://www.insidermedia.com/news/yorkshire/milestone-reached-on-speculative-industrial-development