Proposals have been submitted for 285,000 square feet of curb, warehousing and industrial opportunities in Sheffield Business Park, which can create up to 500 jobs.
The project was launched as a “catalyst” and will provide 22,354 to 108,237 square feet of design and construction opportunities for sale or lease.
The plan marks the final stage of the development of the Sheffield Business Park by a joint venture between the British real estate development company Premcor and Peveril Securities. The joint venture purchased 18 acres at an undisclosed price in a transaction negotiated by Knight Frank and BNP Paribas.
Catalyst will provide five units suitable for warehousing and distribution, general industry and manufacturing, and users looking for road contours. The site is part of the Sheffield City Area Advanced Manufacturing Innovation District and faces Sheffield Avenue.
Simon Hawkins, director at Premcor, said: “Catalyst is an exciting development set to be fuelled by the region’s impressive manufacturing pedigree and status. Our development will truly reflect the catalyst for growth here. The Sheffield City Region, which includes Rotherham and this site, is one of the UK’s major manufacturing locations“.
He added, “Contributing nearly £20bn to the national economy, the area is set to see strong growth and has a high availability of labour meaning competitively-priced wages compared to regional and national averages. The site enables occupiers to be at the cutting edge of UK manufacturing and within the north’s new logistics hotspot.”
Industrial occupiers comprise Amber Precast, Boeing, Liberty Steel, McLaren Automotive, MTL Advanced, Outokumpu steel, Rolls-Royce, University of Sheffield Advanced Manufacturing Research Centre (AMRC), UK Atomic Energy Authority (UK AEA) and University of Sheffield Factory 2050.
Source: The Business Desk