Thorngrove Land & Property Limited in a joint venture with Seddon Developments Limited have exchanged contracts to acquire a 27-acre industrial site at Junction 34 of the M1 motorway in Sheffield. This site adjoins the 12acre Wolffkran site that was acquired earlier this year and combines to provide up to 39 acres of industrial development land.
A planning application on the combined sites will soon be submitted for the industrial development of circa 500,000sq.ft. with units from 45,000sq.ft up to 160,000sq.ft. being anticipated.
Jamie Seddon, Director of Seddon Developments Limited said: “The combination of these sites gives us an unrivalled position immediately off the Meadowhall motorway junction. Being able to secure circa 40acres of prime development land in a highly competitive development market is an evidence to our creative approach, our hard work and the confidence that we built with the respective landowners in being able to deliver on our promises.”
Roger Haworth Partner at Commercial Property Partners Sheffield office acted on the acquisition and said “When this land came to market we knew that the combined pedigree of Thorngrove and Seddon would deliver a proposal that convinced the vendor to sell to them. Being able to acquire the various sites and merge them into one cohesive industrial development, is a testament to their creative vision and confidence in the logistics sector and Sheffield within our region. The proposed masterplan offers unit sizes that will really hit the spot and we are already talking with an international logistics operator on a design & build basis for one of the units”.