Sunday, September 20, 2020

Growing polythene business pays £4.5 for bespoke Leeds warehouse

A 50,000 sq ft distribution warehouse has been pre-sold by Yorkshire property company Glentrool Estates Group at its Sherburn2 business park near Leeds.

The bespoke facility is being purchased for £4.5 million by Cromwell Polythene to cater for a growing business.

Glentrool Estates is transforming the 75-acre site at Junction 42 of the A1(M) into a first-class business and employment park.

The £105 million development has the capacity to create 2,250 sustainable jobs.

“Securing our first customer at Sherburn2 is really significant. It is a clear vote of confidence for our development and demonstrates we are up and running,” said Jeremy Nolan, a director of Glentrool.

He added: “We have worked closely with Cromwell over the past few months to ensure their building is perfect for their business and provides a platform for growth for a secure and successful future.”

James Lee, MD of Cromwell Polythene, added: “This is a sound investment for us. We have outgrown our current premises in Sherburn and were looking for a larger building close by.

“The exciting Sherburn2 development next door is just perfect, allowing us to remain in a superb business and logistics location while creating new premises to suit our needs.

“We currently employ 33 people. Our move will double our warehouse capacity, allowing us to create many more new jobs and to continue expanding our operations.

“In the short to medium term we hope this will create another 7 jobs. Once we’ve fully grown into the site we believe we could support somewhere in the region of 50 employees.

“We are looking forward to moving to Sherburn2 in Spring 2019 and being part of the largest new employment site in the Selby District in the last 15 years.”

The sole marketing agents for Sherburn2 are the Leeds office of Colliers International.

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