Works have concluded at Greenland Industrial & Trade Park – a new development approximately three miles east of Sheffield city centre, within the established Sheepcote Lane industrial area. So far, five well-known national covenants have pre-let space at the scheme.
Greenland Industrial & Trade Park offers 188,000 sq ft of industrial and trade counter accommodation, which has been developed by Tungsten Properties and funded by Barwood Capital’s Regional Property Growth Fund IV. The development undertook an extensive repurposing of a former B&Q store and additional new development on the car park.
GV&Co and Colliers (joint agents) have so far placed 157,000 sq ft either under offer or let and to companies including Wolseley, Auto Windscreens, Headlam, Formula One Auto Centres and Costa Coffee.
The remaining units include a newly constructed and prominent detached trade counter / warehouse unit of 16,000 sq. ft as well as four newly constructed trade counter units ranging in size from just 3,000 sq ft to 4,500 sq ft.
Adam Smith, Asset Management Director at Barwood Capital said:
“Greenland Industrial & Trade Park offers much needed space to the Sheffield market. The trade element of the scheme is the only new trade counter development in Sheffield and we are delighted to have secured so many household names, with strong interest from several other national trade counter occupiers for the remaining units.”
David Mole, Development Director at Tungsten Properties, said: “Our decision to speculatively build this project demonstrates our commitment to deliver high quality space to the area which will create jobs and further growth for Sheffield.
“We are delighted to have a significant amount of space pre-let and look forward to welcoming more occupiers shortly.”
