Member Article

Joint venture completes £1.4 million Sheffield Business Park land sales

A joint venture between JF Finnegan and Sheffield Business Park, Broomco Ltd, has completed £1.375 million of land sales.

These sales saw Tuffnells Parcels Express and JCT 600 move into Zone 6 of Sheffield Business Park. Commercial Property Partners (CPP) and Knight Frank acted for the JV and the purchasers were unrepresented.

Tuffnells Parcels, whose HQ is in close proximity to the site, has bought 3.55 acres to develop a new parcel depot and JCT 600 has purchased a 0.10 acre plot to expand its existing operations at Zone 6 where its VW Gilders Van Centre is in operation.

Sheffield Business Park is occupied by high profile firms such as Fujitsu Siemens, HSBC, South Yorkshire Police and Stanley UK with in excess of 900,000 sq ft of future development proposed.

Nick Gillott, director at JF Finnegan, said; “This year has kicked off with a real sense of renewed optimism and vigour in the South Yorkshire property market and deals such as these certainly validate that.

“The land within Zone 6 met the right criteria for Tuffnells and JCT 600 and we are delighted to welcome them to the development.”

Roger Haworth, partner at CPP, commented; “Occupiers are swiftly recognising the genuine shortage of available land in South Yorkshire in deliverable, quality sites in strong locations.

“This is creating a race for space and we are looking at a busy year ahead within the regional logistics sector.”

Sheffield Business Park managing director, Graham Sadler, says; “We are working hard to ensure that we create the right environment for business investment, whether for oven-ready sites or build to suit packages.

“The University of Sheffield’s commitment to building Factory 2050 on the park has stimulated significant interest from advanced manufacturing companies and their supply chains which further enhances the development’s profile.”

This was posted in Bdaily's Members' News section by Clare Burnett .