Greenland Industrial & Trade Park in Sheffield, South Yorkshire has achieved full planning permission and works have begun at the former B&Q site, in what will be a new industrial development.
Funded by Barwood Capital’s Regional Property Growth Fund IV the new scheme will become an integral part of the established Sheepcote Lane Industrial Area, located to the east of the city.
A prime location for industrial warehousing, established brands in the area include UPS, Royal Mail, Travis Perkins, Costco.
The development will be undertaken by Tungsten Properties and will deliver a total of 188,750 sq ft across nine acres.
The project will transform the former B&Q retail warehouse and surrounding land.
A combination of refurbishment and new build property will deliver four new industrial units and a trade counter scheme.
Greenland Industrial & Trade Park is accessible in under two miles from junction 34 of the M1 motorway and is connected to Sheffield City centre via The Sheffield Parkway.
Adam Smith, asset management director at Barwood Capital, commented: “Greenland Road sits at the heart of an established industrial hub in Sheffield where industrial supply remains limited and opportunities for new build units of this size range are scarce. We look forward to converting this redundant retail warehouse whilst maximising the development on the surrounding car park land.”
David Mole, development director, Tungsten Properties, added: “We are delighted to have started on site, delivering new and refurbished sustainable warehouse and logistics space to meet the high demand from Sheffield’s manufacturing and engineering industries. It is encouraging that we have already secured Costa and Formula One Autocentres. We continue to receive strong interest from other potential occupiers."
It is anticipated that Practical Completion of the scheme will be from May 2022.
Find out more about Greenland Road.