Ryden demonstrates strength of industrial property market with quick re-lease turnaround at Castleford

Commercial real estate firm Ryden has successfully re-leased Unit 3 Normandy Landings in Castleford within only two days of the previous tenant’s departure, highlighting the strength of the industrial property market in the area.

Acting on behalf of the landlord the Oddfellows, one of the oldest and largest friendly societies in the UK, Ryden’s Agency team in Leeds secured Roberts Graphics, a used printing machinery supplier, as the new occupier off an asking rent of £110,000 per annum.

In addition, Ryden’s Building Consultancy team provided expert advice on the dilapidations process and the property is managed by the firm’s Property Management business area, demonstrating Ryden’s cross-departmental and integrated approach to delivering tailored services to meet any specific business requirements.

The 14,061 sq ft asset features a detached industrial unit with office accommodation and it is strategically situated in Wakefield Europort adjacent to the M62, one of the premier distribution sites in the West Yorkshire region.

Ryden’ Agency Partner in Leeds, Jonathan O’Connor commented on this transaction:

“We are thrilled to have successfully facilitated this rapid transition for Unit 3 Normandy Landings. Once again this transaction showcases our deep understanding of the market dynamics and our commitment to delivering the best results for our clients.”

The Oddfellows CEO, Jane Nelson, said:

“I’m pleased at how swiftly Ryden were able to re-lease the property because, as a non-profit mutual society, it means the income can be reinvested into providing support to our members sooner.

“We have a long and proud history of investing in property across the country and will continue to make sure those who need us are supported by our investments.”