Construction of the only 500,000 sq ft plus warehouse being built in the UK has completed, offering a unique opportunity to logistic companies in the UK. The 553,125 sq ft (51,387 sq m) unit in Sherburn-in-Elmet, Yorkshire, is the only new build logistics warehouse larger than 500,000 sq ft that is currently available to rent on the UK property market. Sherburn 550 was created by joining together two smaller units that had been purposely designed on a common grid and now provides a single open span warehouse.
Key property features of Sherburn 550 include:
· 553,125 sq ft warehouse including 14,607 sq ft offices
· 15m clear eaves height
· 65KN/sqm floor loading
· 56 dock leveller loading doors
· 4 level access doors
· 360 degree circulation
· 348 car and 119 HGV parking spaces
· 50m yard depth
The site is strategically located off Junction 42 of the A1(M) and only 14 miles from Leeds. Ports of Hull, Grimsby and Immingham are all within one hour HGV drive time. Tenants already located at Sherburn Distribution Park include Sainsbury’s, Debenhams, Eddie Stobart, EDM and Optare.
Nick Sowerbutts – Anglesea Capital said:
“We are delighted to bring to the market this unique opportunity. Sherburn 550 is the only half million sq ft unit available for immediate occupation anywhere in the UK and with a good yard and 15m clear eaves offers an attractive opportunity to UK retailers, 3PLs and distribution companies. We also welcome DTRE onto our team and look forward to working with all our agents in what is a very exciting time in the logistics sector.”
Sherburn 550 forms part of a portfolio of 16 warehouse properties being acquired by Blackstone Real Estate Partners Europe IV for its European logistics company, Logicor from a joint venture between funds managed by Oaktree Capital Management, L.P. and Anglesea Capital.
CBRE, DTRE and Moriarty and Co are agents marketing the property.