Leeds, February 2012 – Planning permission has been granted to link two industrial units at Anglesea Capital’s Sherburn Distribution Park just outside Leeds to create a 550,000 sq ft ‘supershed’. The unit will become one of only four new build units in excess of 500,000 sq ft currently available in the UK and is being created to meet the requirements of large retailers, manufacturers and logistics operators.
Sherburn Distribution Park is one of the North’s most acclaimed distribution parks comprising a total of 1.4M sq ft of industrial accommodation at J42 of the A1(M). The park has already attracted leading national retailer, Debenhams who established a 667,000 sq ft distribution centre joining existing tenants Optare and EDM Group. Other high profile Sherburn occupiers include Eddie Stobart, Sainsburys and Kingspan.
Nick Sowerbutts of Anglesea Capital, said; “We took the decision to seek planning to join two units of 190,000 sq ft and 330,000 sq ft to create greater flexibility for occupiers. The deal with Debenhams represented a significant investment into the region and clearly demonstrated the suitability of Sherburn Distribution Park as a Northern base for major retailers. We can now accommodate an occupier of this scale with similar requirements and can structure deals to meet individual occupiers’ requirements.”
The 190,000 sq ft and 330,000 sq ft units were originally constructed on a common grid to allow their combination at a future date. The combined 550,000 sq ft industrial unit will join an elite group of only four new build units in excess of 500,000 sq ft, currently available in the UK.
Toby Vernon, Senior Director at CBRE who is marketing the unit, continued; “Of the five year take-up figures, 75 per cent of stock was new or good quality modern which highlights tenant demand for quality units like those at Sherburn Distribution Park. Recent demand has been significantly driven by retailers seeking to capitalise on economies of scale by consolidating supply chains into a smaller number of strategically located, larger footprint buildings. The creation of the 550,000 sq ft unit responds perfectly to this demand. The growth in online retailing continues to be one of the major drivers for warehouse demand and the current economic climate has also created an opportunity for growth of budget retailing which has also resulted in new demand for logistics space. The newly created large unit is ideally suited to such occupiers.”