The joint venture team of JF Finnegan and Sheffield Business Park, Broomco Limited, has completed £1.375m of land sales at Zone 6 within Sheffield Business Park to Tuffnells Parcels Express and JCT 600. Commercial Property Partners (CPP) and Knight Frank acted for the JV and the purchasers were unrepresented.
Tuffnells Parcels, whose HQ is in close proximity to the site, has bought 3.55 acres to develop a new parcel depot and JCT 600 has purchased a 0.10 acre plot to expand its existing operations at Zone 6 where its VW Gilders Van Centre is in operation.
Sheffield Business Park is one of Yorkshire’s largest business parks with over 200 acres of which circa 600,000 sq ft is already built and occupied by high profile occupiers such as Fujitsu Siemens, HSBC, South Yorkshire Police and Stanley UK with in excess of 900,000 sq ft of future development proposed.
Zone 6 is a 6 acre plot to the western end of the Park, just 2 minutes from J34 of the M1 and is already home to NHS Ambulance Fleet Management Service, VW Gilders Van Centre and DBL Logistics. Following the sale a 1.98 acre roadside site is available for sale or new build opportunities.
Nick Gillott, Director at JF Finnegan, said; “This year has kicked off with a real sense of renewed optimism and vigour in the South Yorkshire property market and deals such as these certainly validate that. The land within Zone 6 met the right criteria for Tuffnells and JCT 600 and we are delighted to welcome them to the development.”
Roger Haworth, Partner at CPP, commented; “Occupiers are swiftly recognising the genuine shortage of available land in South Yorkshire in deliverable, quality sites in strong locations. This is creating a race for space and we are looking at a busy year ahead within the regional logistics sector.”
Sheffield Business Park Managing Director, Graham Sadler, says; “We are working hard to ensure that we create the right environment for business investment, whether for oven-ready sites or build to suit packages. The University of Sheffield’s commitment to building Factory 2050 on the park has stimulated significant interest from advanced manufacturing companies and their supply chains which further enhances the development’s profile.”
