Award-winning CPP advises on four property deals in South Yorkshire
The award-winning Sheffield-based property agency Commercial Property Partners (CPP) has recently advised on four industrial property deals in South Yorkshire.
CPP’s industrial property and logistics team have completed transactions on two units at Newhall Business Park in Sheffield, with a combined total of 35,000 sq ft, and two smaller units at Meadowhall Industrial Estate, close to Meadowhall Retail Park.
Ed Norris, a partner with CPP, commented: “These four deals are tremendous news for the Sheffield region and for the market as a whole. The industrial property market in Sheffield and South Yorkshire is flourishing and the fact the Newhall and Meadowhall estates are now fully let graphically underlines this strong occupier demand.”
At Newhall Business Park, owned by Strawson Property, the Goole-based development and investment company, Price Express Transport have taken 15,000 sq ft at while Stemcor Steels have taken 17,000 sq ft both in excess of £4 per sq ft.
Ed Norris said: “These deals also illustrate a return to strong rents for landlords, which is a telling sign that confidence has returned to the market. That, in turn, could lead to a return to serious speculative development in the region.”
Meadowhall Industrial Estate, situated off Brightside Lane, is a small development of sub-3,000 sq ft units.
“Our two deals at Meadowhall mean that the estate is now fully let, which is a ringing endorsement of the location and an indication that there is positive occupier demand for smaller units. The outlook is bright for landlords and occupiers alike,” said Mr Norris.
He added: “Whilst CPP has been involved in some very prestigious deals since we formed in September last year, we also focus strongly on the smaller occupier market in Yorkshire and beyond. This is an important part of our business and we pride ourselves on our experience and expertise in this sector.”
This was posted in Bdaily's Members' News section by Robert Beaumont .
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