South Yorkshire brownfield site acquired in multimillion deal
A prime strategic 50-acre brownfield site at Crow Edge in South Yorkshire has been sold in a multi-million pound deal.
The land, formerly owned by Wavin, a subsidiary of the global manufacturer of plastic and clayware pipes and fittings, has been bought by wood production firm Plevin.
Plevin, based in Greater Manchester, is planning to open a £5m waste wood recycling centre at Crow Edge.
The property consultants who advised on the sale today provided an insight into the transaction.
Mike Dove, partner of Leeds-based property consultancy Dove Haigh Phillips, which advised on the deal, said: “The Crow Edge site has been used by our clients Wavin, who are part of a global business, for the manufacture of clay pipes and related products for over a century.
“Our client’s ownership extended to over 130 acres together with 870,000 sq ft of buildings. Today the northern sector of the site forms a core part of our client’s UK operation of clayware manufacturing warehouse and distribution. The southern sector of the site involving 50 acres and including 500,000 sq ft of older buildings was surplus to requirements.
“Plevin were a natural purchaser by virtue of their industrial use and ability to use this facility and existing infrastructure alongside Wavin.
“The site is surprisingly well located with swift access to key centres including South and West Yorkshire and Greater Manchester. This will suit Plevin’s investment perfectly and ensure the 100-year track record of industrial and employment activity on this exceptionally large site will continue.”
Paul Taylor, the finance director for Wavin in the UK, added: “Wavin, and previously Hepworth, is proud of its long association with South Yorkshire. The investment by our new neighbours is most welcome and reinforces our commitment to the Crow Edge site as an important part of the business.”
This was posted in Bdaily's Members' News section by Mark Lane .