Significant investment by Onward Holdings Ltd is boosting the company’s portfolio of prime sites for warehousing and managed third-party logistics services in West Yorkshire, offering businesses the opportunity of leasing 72,000 sq ft of racked space at South Kirkby.
This latest addition to Onward Holdings’ Managed 3PL portfolio is a high-quality facility that can be leased on flexible terms and is available as a result of the success of the company’s Castleford site as the pressure grows for more logistics and industrial property in the UK.
Onward Holdings, a specialist in operating highly competitive warehousing, will soon have 66,000 sq ft available at Phoenix Park on the Green Lane Industrial Estate in Featherstone and planning permission for building just under 10,000 sq ft of premium, modern, open plan office space at its managed Castleford warehouse, which will offer existing customers the opportunity to further integrate and expand their operations from June 2019.
Geographically ideal for quick getaways to UK markets, Featherstone, Castleford and South Kirkby provide a triple boost to the country’s logistics and warehousing stock at a time when demand for storage space is outstripping supply.
Phoenix Park will provide extra capacity for a managed 3PL high bay warehouse less than three miles away from the M62 junction 31. Other major transport connections in close proximity to the site include the M1 and A1M, northern container ports, rail freight facilities at Wakefield and Doncaster Airport.
Due to its central geographical position, the East Midlands has long been favoured as a logistics hub for the UK. However, premium space comes at a premium price and while land values are increasing all over the country, there are many operating reasons why businesses planning their supply chain strategy should consider locations in the north of England.
The proliferation of e-commerce and discount retailers taking up available space, combined with the move towards same day delivery, means there is now increased demand for additional facilities in the north. Onward Holdings is currently looking for more land near to the motorway junctions to build those warehouse and industrial units that will offer an alternative to locations in middle England.
Successfully meeting the challenge of providing industrial space is vital for local economies, says Onward Holdings Director Neil Storey, who added: “Local authorities face tricky decisions over valuable land resources, but we need to create high quality and strategic logistics and warehousing sites across our region, which will bring long-term benefits and thousands of jobs to local areas.”
Family-run business Onward Holdings specialises in operating highly competitively priced industrial warehousing and retail parks in the north of England. Its other warehousing sites include Doncaster and Scunthorpe as well as the very busy Onyx Retail Park at Wath upon Dearne.
Site promotion for Phoenix Park is being handled jointly by Andrew Miller Chartered Surveyors and Iain McPhail, Knight Frank.