CCF, the nationwide distributor of insulation and interior building products, has completed a deal to pre-let 30,000 sq ft at Sheffield’s Parkwood Industrial and Trade Park.
The Sheffield office of Knight Frank and Campbell and Co acted for landlord Cornerstone and will see CCF, part of the Travis Perkins group, build a new sales and distribution centre on a 2.6-acre plot on the popular business park to fill a gap in its existing nationwide portfolio.
The Travis Perkins group already has interest in the Neepsend business park through Toolstation, PTS and BSS.
Construction work on the new CCF is expected to begin late Autumn with the site already cleared and ready for immediate development.
Tom Boden, property acquisitions manager at Travis Perkins Plc, said: “This will be an exciting new addition to the CCF branch network and further expands the group’s profile.”
CCF, which offers products including ceilings, drywall, flooring, insulation, partitioning and fire protection, all supplied from stock and delivered nationwide from its branches across the UK, has agreed a 15-year lease.
Rebecca Schofield, from Knight Frank in Sheffield, who are acting for Cornerstone, said: “Cornerstone embarked on an extensive refurbishment programme after buying the site 18 months ago and it has now become an established trade location home to well-known occupiers. It is a thriving industrial and trade park with a blend of consumer and trade visitors.
“They also identified and cleared the development plot which occupies a prominent, front position on to Rutland Road which was available on a build to suit basis.
“The chance to build bespoke accommodation for sales and distribution attracted CCF to the site.”
Graham Barker from Cornerstone added: “We welcome CCF to Parkwood. After purchasing the site around 18 months ago, we have invested significantly in refurbishing the vacant units, undertaking a comprehensive refurbishment to provide new roofs, replacement of concertina loading doors to provide modern up and over loading doors, refurbishment of warehouse and internal offices.
“This has been successful with lettings to Steel City Cars and most recently PW Motors. It is very encouraging to see this deal exchange despite the economic uncertainty surrounding Brexit and demonstrates confidence in the town and this location.”
Just one 7,000 sq ft refurbished unit remains available at Parkwood Industrial Estate which boasts other occupiers including Stancill Brewery, Edmundson Electrical, CLP, Toolstation, Panel Systems, Plumbase, GB Eye and Transonic Ltd.
