New owners for East Yorkshire industrial development

A commercial site which became part of one of the largest industrial developments in East Yorkshire has changed hands.

Hull-based developers Allenby Commercial sold Priory Tec Park to Castle Square Developments for an undisclosed sum.

Priory Park became available after the company decided to increase its investment in other properties on both sides of the Humber and comprises 50,000 sq ft of trade counter and industrial accommodation with a selection of office units on three acres at the western end of Priory Park.

The wider Priory Park site extends to more than 150 acres and runs alongside the A63 Clive Sullivan Way.

Agent, Banks Long & Co acted for Castle Square. Managing director Tim Bradford said: “We have been searching for a quality trade counter and office investment on the north bank of the Humber for a few months as we see this area continuing to grow due to its strong strategic credentials.

“This scheme has been developed and managed to a very high standard by Allenby Commercial and we look forward to continuing in the same vein for Castle Square Developments.”

Carrick Real Estate and Garness Jones acted for Allenby Commercial, who were based at Priory Tec Park before moving to Hull city centre in 2016.

Andrew Allenby, Managing Director of Allenby Commercial, said: “We are delighted to have completed the sale to Castle Square and we are pleased that the buyer shares our ethos of working closely with tenants and taking a hands-on approach.

“We are passionate about providing businesses with highly functional and stylish workspace and we are committed to developing more property in and around Hull as part of our strategy of promoting inward investment and job creation.”

Earlier this year Allenby Commercial completed the acquisition from Henry Boot of The Point, a 6.45-acre site at the eastern end of Priory Park which is the final piece of the site and is being developed as trade counter space and industrial units.