Lesjofors Springs reaches the ‘Summit’ with purchase of warehouse development

The pre-sale of a 65,000 sq ft warehouse and office development at the £15m Summit 24 Business Park at Lindley Moor in Huddersfield has been completed.

The Leeds office of property consultancy advised property developers Stirling Scotfield on the deal.

The building has been bought by UK spring suppliers Lesjofors Springs for an undisclosed sum. The company will move from its current premises in Lowfields Business Park at Elland when the building is completed in spring next year.

Marshall Construction of Elland is building the 65,000 sq unit for Lesjofors.

Robert Glynn of Lesjofors said: “We are moving to Summit 24 because we need the extra space.

“The 65,000 sq ft unit is designed to our specification and perfect for our needs, plus there is potential to add a further 15,000 within the site should we need to. We also felt it was time, due to the company’s on-going success, to buy our own premises rather than lease.

“In addition, the business park is exceptionally well-located, close to the M62 and Yorkshire’s excellent motorway network. We’ve also got a dedicated entrance, providing privacy and security.”

Lesjofors will be employing around 25 staff at Summit 24.

Jonathan Hyland, partner at Knight Frank in Leeds, said: “The Lesjofors deal is a ringing endorsement of the quality of Summit 24 and everything it has to offer. We have considerable flexibility in the unit sizes we can offer and are talking to several other potential occupiers.

“We expect most interest to be in the region of 20,000 sq ft to 100,000 sq ft but we are able to provide a larger unit than this if required. Opportunities are scarce for businesses looking for larger manufacturing and distribution premises of more than 100,000 sq ft west of Leeds.

“There is a real shortage of modern and new industrial property across the region at present; conversely we are experiencing good levels of enquiries for new premises as companies look to expand and invest in their operations,” he added.

The Leeds office of GVA Bilfinger are joint marketing agents for Summit 24 with Knight Frank.