Gregory Properties has agreed to purchase a prime 2-acre development site at Sheffield Business Park. The long-established developer plans to speculatively build a 30,000 sq ft industrial unit and submit a planning application this week.
Sheffield Business Park is an established 200-acre Business destination located off Junctions 33 and 34 of the M1 and to the North of Sheffield City Centre. The development offers an established HQ Business and research environment with current occupiers including SIG Group, South Yorkshire Police, Gleesons, TNS, Primetals and Hart Shaw.
The Park is situated within the heart of the Advanced Manufacturing & Innovation District (AMID) that has seen substantial investment from occupiers including Boeing, Rolls-Royce and McLaren. The adjacent University of Sheffield Innovation Campus is also home to Factory 2050 and the ITM Power Gigafactory proposal was also recently announced for the site.
Gregory Properties has agreed to buy the site on Europa Way, subject to planning, from Sheffield Business Park Ltd. The acquisition adds to Gregory’s successful portfolio of industrial developments where it has a reputation for delivering, high quality, well located, ready premises for operators wanting a variety of sizes.
Nick Gillott, Development Director at Gregory Properties, said,
“We are delighted to acquire this prime strategic site that is already recognised as a hotbed of cutting-edge industry and is also well placed for last mile logistics operators serving the Sheffield City Region.
“Our success in acquiring this site is testament to our credentials in developing market ready estates that can respond to current demand and attract strong occupiers as well as investment.”
Gregory Properties is currently working up designs with The Harris Partnership to include 30,000 sq ft of industrial/warehouse space with a 3,000 sq ft office mezzanine. The unit is to be of steel portal frame construction with 8m to haunch, 3 ground level access doors, full M&E fitted offices, enhanced landscaping and carparking, secure covered cycle shelter, and gated service yard with security lighting.
Subject to planning consent anticipated in September, Gregory expects to be able to start on site in the Winter 2022.
Gregory Properties is an award-winning developer responsible for landmark regeneration projects including the £40m Foss Islands Retail Park York, Darlington Retail Park, Gate Park Retail Park in Rotherham, Mabgate Junction in Leeds, Wheatley Hall Park in Doncaster and the £40m Broad Street Plaza destination in Halifax.
It has a long track record of speculative industrial development with a 145,000 sq ft site at Dearne Valley Parkway in Barnsley in its current portfolio.
It has most recently delivered The Refinery a £30m, 407-bed student accommodation project on the fringe of Leeds city centre and the speculative development of 150,000 sq ft of distribution space at Park 32 Pontefract on the M62.
