The Leeds offices of global property consultancy Knight Frank and Carter Towler have brokered three deals at the 480,000 sq ft Millshaw Industrial Estate in Leeds.
Millshaw, which was sold to asset managers Schroders by the Leeds-based Evans Property Group in 2016, has tenants including DHL, Alliance Healthcare, Afonwen and Express Bi-Folding Doors.
The whole site extends to approximately 480,000 sq ft of quality industrial and warehouse accommodation, strategically located by the Leeds Outer Ring Road (A6110) and half a mile from Junction 1 of the M621.
The three new tenants at the park are Edmundson Electrical, who have taken the 2,701 sq ft Unit 3B; Drill Co, who have taken Unit 18, comprising 4,518 sq ft; and Northern Flags, who have taken Units 4 and 5, totalling 10,458 sq ft.
Tom Goode, industrial property surveyor at Knight Frank in Leeds, commented: “Millshaw is one of the largest – and most successful – inner city industrial estates in Leeds. It is superbly located, fronting the outer ring road and close to Yorkshire’s excellent motorway network.
“These three deals are a ringing endorsement of the investment by Schroders, which has revitalised the estate and transformed its vacant units. We are now undertaking further refurbishment works on Units 1 and 2, 6B and 16, which are 10,740 sq ft, 3,244 sq ft and 5,538 sq ft respectively. These units are the only ones still available to lease on the estate.
“The deals are also a timely reminder that due to a lack of supply, well-located assets are continuing to prove popular,” said Mr Goode.
Josh Holmes of joint marketing agents Carter Towler added: “We are working hard to ensure that Millshaw continues to be as successful into the future. It is an important development within the city due to its key location, close to the amenities of Leeds City Centre, White Rose Centre and the M621 motorway, and sheer scale.
“The comprehensive refurbishment programme is transforming the accommodation into modern, adaptable space, which makes the park even more attractive to occupiers.”
