Newcastle property consultancy secures investor group's expansion to Yorkshire

A North East commercial property consultancy has expanded its national operations with the acquisition of industrial premises in Yorkshire for an investor group.

Newcastle’s Naylors Gavin Black helped secure a 52,000 sq ft industrial and warehouse unit at Alanbrooke Industrial Park near Thirsk for Waterhill Property Group.

The property is expected to generate a seven per cent yield for its new owners.

The site, which also comprises land available for new development, features 39 units including 14 which were newly built this year, ranging in size from 600 sq ft to 5,500 sq ft, with access to the A1M and the nearby Yorkshire market towns of Thirsk and Northallerton.

Chris Donabie, partner at Naylors Gavin Black, said Alanbrooke was the first site his firm had acquired for Waterhill Property Group and that the two companies are looking to develop their relationship further.

Chris added: “There is strong demand in North Yorkshire from businesses looking for quality industrial space to accommodate growth and expansion. Alanbrooke Industrial Park fits the bill perfectly with its great location and affordability for occupiers.

“I’m sure it will prove to be a very insightful acquisition for Waterhill as occupiers continue to be attracted to the site.”

Abraham Halpern, director at Waterhill Property Group, said Naylors Gavin Black had helped them to secure a ‘superb’ investment in the face of limited stock availability.

Abraham continued: “For some time we have been actively looking for well-located industrial sites across the north of England and after being introduced to this estate by Naylors Gavin Black, we were attracted by the opportunity to grow our investment through active asset management.”