Wilton Developments has completed a 80,500 sq ft letting and investment sale at Enterprise 36 industrial and warehouse scheme in Tankersley, South Yorkshire. Market-leading multiple services provider, USL has agreed a 20 year lease on Unit 1 for its new HQ at the scheme and the investment has been sold to CBRE Investment Management (CBREIM). Alex Whiting and Mike Baugh from the Leeds office of CBRE advised Wilton Developments.
Unit 1 is the final warehouse to be sold at the successful four unit Enterprise 36 development which is one of the most strategically located sites on the M1 corridor in South Yorkshire.
The unit provides a new headquarters for USL Group, which provides specialist construction solutions on a global basis to the telecoms, utilities, construction and energy sectors and will house state-of-the art production and warehouse facilities, as well as office space for teams and will accommodate future expansion plans.
CBRE Investment Management also recently acquired the adjoining vacant 77,500 sq ft Unit 2 from Wilton Developments and this was subsequently let to GB Eye Limited, a leading Sheffield-based licensed pop culture merchandising company as part of their growth plans.
The Enterprise 36 development was supported by Barnsley Council’s Enterprising Barnsley investment team and its nationally recognised BMBC Property Investment Fund.
Jason Stowe Managing Director of Wilton Developments said;
“This is the final piece in the jigsaw of our very successful Enterprise 36 scheme in Barnsley. We are particularly pleased for BMBC that all of the occupiers we have accommodated on the scheme have maintained and indeed expanded on their businesses within the Sheffield City Region. This is good for Barnsley but also good for the region as a whole. We look forward to announcing further investment in the City Region early in the New Year.”
Ian Fairweather, Director, CBRE Investment Management, commented:
“With a shortage of modern, high-quality industrial warehousing across Yorkshire, especially in the mid box sector, we are excited to have capitalized on this rare opportunity at Enterprise 36. Built to a modern specification and less than one mile from the M1, the unit offers a compelling investment rationale and we anticipate consistent returns for our investors.”
Alex Whiting, Senior Director at CBRE Leeds, said:
“Wilton have developed another successful warehouse and industrial scheme in Yorkshire and it’s great to see a high calibre investor such as CBRE Investment Management make another investment in the region.”