Category: Company News

A speculative development of two industrial warehouse units in West Yorkshire has reached practical completion.

The 78,106 sq ft Latitude scheme at Junction 31 of the M62 in Normanton has been developed by Wilton Developments and forward funded by CBRE Investment Management.

The units comprising 43,357 sq ft and 34,749 sq ft were constructed on time by Leeds-based contractor Castlehouse Construction.

They were developed to address a shortage of new-build industrial and warehouse space across Yorkshire.

Jason Stowe, managing director at Wilton Developments, said: “We are delighted to reach practical completion on this key site which will enable the regional logistics sector to continue to thrive, adding much needed, first class industrial and warehouse space to the constricted West Yorkshire pipeline.”

CBRE and Carter Tower are joint agents for the scheme.

Mike Baugh, senior director at CBRE Leeds, added: “Latitude has all the key elements that occupiers desire right now. The location in the heart of the distribution network is a real draw for potential occupiers looking for connectivity combined with high quality, modern space with excellent local amenities. We are already seeing strong interest in these units as a result of this.”

https://www.insidermedia.com/news/yorkshire/speculative-warehouse-development-reaches-practical-completion?utm_source=yorkshire_newsletter&utm_campaign=yorkshire_news_tracker&utm_medium=property_article

 

Doncaster Metropolitan Borough Council has granted Leeds-based Wilton Developments outline planning consent for up to 3.52 million sq ft of logistics and industrial space.

This will occupy a 180-acre site adjacent to junction 6 of the M18 at Thorne, Doncaster.

Jason Stowe, managing director of Wilton Developments, said: “We are looking forward to bringing forward this key employment site within the Northern Powerhouse.

“We are programmed to be on-site later this year with delivery of the first buildings in 2023. Further detail and updates on our plans will be available shortly.”

Elsewhere in South Yorkshire Wilton Developments has recently completed its 300,000 sq ft Enterprise 36 scheme at Tankersley, delivering four warehouse and industrial units to occupiers including Williams Rowland, Dura and USL Group.

Two of the buildings were acquired by CBRE Investment Management for one of its discretionary funds.

Wilton is active across the north of England specialising in office and industrial development and investment.

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

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