Back to news | 16th August 2022
Prime 131,500 sq ft Sheffield warehouse to come forward following planning approval
A prime 131,500 sq ft Sheffield warehouse is to be speculatively developed having received full planning approval. Newsholme Developments, funded by FTSE 250 listed Urban Logistics REIT Plc, will now bring forward the development of the warehouse which is set for completion in Q2, 2023 and available to let.
The proposed warehouse is situated on Newhall Road, Sheffield, as part of the wider Newhall 58 development, and ideally situated to benefit from strong transport links with excellent labour accessibility and supply. The warehouse will be built to high specification with strong sustainability credentials, targeting BREEAM Excellent and an EPC A rating and EV charging points. The warehouse is self-contained and set within a Secured by Design site.
Located c.2.5 miles off J.34, M1 and situated on the fringes of Sheffield city centre, the warehouse is ideally placed to access the region’s strategic road network, alongside a strong labour supply and set within a well-recognised occupier mix.
M1 Agency has been appointed as marketing agents.
Adam Jones of Newsholme Developments commented: “We are delighted to have secured a deal with Urban Logistics REIT, and to bring forward Newhall 130 on their behalf. The warehouse is set within our established and highly successful Newhall 58 development – being fully occupied – with Newhall 130 forming the final piece of the jigsaw in what we are sure will be a successful conclusion to the scheme.”
John Barker of Urban Logistics REIT commented: “We are pleased to have structured a deal with Newsholme Developments to bring forward Newhall 130 on a speculative basis delivering a high quality and highly sustainable warehouse. Situated on the fringes of Sheffield, yet having excellent access to the M1, the warehouse is a prime addition to our Urban Logistics portfolio. We look forward to the building being delivered and securing an occupier, bringing forward further job creation in the area.”
James Keeton of agents M1 Agency added: “It is great news that Newhall 130 has now secured planning consent and we can start on-site with a targeted delivery of Q2, 2023. The 131,500 sq ft warehouse offers the perfect blend of prime motorway connectivity, with city centre accessibility and labour supply. Benefitting from being self-contained, built to a Grade A specification and with strong eco-credentials, combined with continued strong levels of take-up, we are confident of quickly securing occupier interest.”
Visit our website or call for further information: www.m1agency.co.uk