Thorngrove Land & Property Limited in a joint venture with Seddon Developments Limited have acquired a 12acre industrial investment at Junction 34 of the M1 motorway in Sheffield.
The acquisition of the HTC Wolffkran tower cranes site, a landmark site on the M1 motorway in Sheffield, immediately next to the Meadowhall Shopping Centre, gives the JV partnership a strategic foothold into a key regional and UK logistics location. The land is located less than ½ mile from Junction 34 and offers a variety of investment and development options going forward.
Jamie Seddon, Director of Seddon Developments Limited said: “this is our second joint venture with Thorngrove, and this opportunity enables us to work once more with them on what is undoubtedly a significant site along the M1 corridor. One of the main attractions in acquiring the investment was the lease with HTC Wolffkran, which gives us ample time to consider all future options for the site.”
Roger Haworth Partner at Commercial Property Partners Sheffield office acted on the sale and said “This is an outstanding opportunity for Thorngrove on what is an important site within the region. Not only is it in a prominent position, but there will be very strong demand in this location when it is brought to market after a redevelopment strategy is concluded. I am confident that our positive and successful relationship with Thorngrove at Nickel 28 will be more than replicated in Sheffield”.