Volunteer Chairman will lead group pushing to promote Bradford
A new partnership focusing on promoting development and investment in the Bradford District has appointed Pete Mills as its Chair. The Bradford District Place Making and Investment Partnership is due to have its inaugural meeting at Odsal Stadium on 5 December.
The event marks a key milestone as relevant organisations in the district work together to take full advantage of Bradford’s City of Culture 2025 status and the opportunities to promote Bradford as a great place to do business, live, study, and visit.
Pete Mills brings with him a wealth of experience and an extensive network across the region. Born and bred in Bradford, he studied law and worked as a corporate solicitor before going on to found two businesses and has been involved in several others as an investor and strategic non-executive director. His current venture, a software company called Crysp is based in Salts Mill, Saltaire and provides compliance solutions to businesses and schools.
Pete said, “Growing up I always felt a great sense of pride of where I am from which was definitely drilled into me by my parents and grandparents. Walking around the City and surrounding areas, I have always felt a deep connection with its richness of history and culture. I am therefore absolutely delighted to have been appointed as Chair for the Place Making and Investment Board as we seek to establish a legacy of growth and opportunity. I look forward to working with CBMDC and other colleagues to deliver this. It is all to play for!”
Cllr Alex Ross-Shaw, Portfolio Holder for Regeneration, Planning and Transport at Bradford Council said, “I am delighted to welcome Pete as the Chair of the Bradford District Place Making and Investment Partnership. It’s an exciting time for Bradford and this Partnership will allow stakeholders and organisations to work together to promote the district on the world stage and maximise its potential.”
The partnership launches on 5 December at Odsal Stadium. The role of Chair is a voluntary, unpaid position.
Hull offsite manufacturer purchases factory
M-AR has completed the purchase of its existing manufacturing facility in Hull to strengthen its position and ensure it can keep pace with current demand as well as prepare for future growth in the offsite construction sector.
M-AR is currently embarking on a significant programme of growth underpinned by continuous re-investment into the business, including purchasing new equipment, hiring more staff and undertaking innovative training programmes.
The recent purchase of its dedicated 100,000 sq ft manufacturing facility, which is valued at £3 million and can produce around 400 modules per year, is a key part of this plan.
The move from leased to purchased facilities, as well as bolstering its asset book, gives M-AR total control over its premises, enabling its team to make any necessary adjustments to the layout to better suit processes and bring greater production efficiencies.
Plans are already underway to increase the factory’s usable production space as demand is forecasted to continue to increase going forward.
This move also marks M-AR’s commitment to, and investment in, its home city of Hull, where it has been based since 2007.
Ryan Geldard, director at M-AR, said: “This is another major step for us as part of our ambitious five-year growth plan. As well as giving us complete control over our own manufacturing facilities going forward, it gives our staff and clients reassurance that we see further growth opportunities in the offsite construction market.
“This is another positive chapter for us which demonstrates both our long-term commitment to the industry as well as to our local community of Hull. This investment puts us in a strong position for project delivery as we look ahead to 2023.”
Arco opens £2m safety centre in Berkshire
Hull-based health and safety company Arco has launched a £2m safety centre in Bracknell, Berkshire, bringing its expert knowledge, high-quality products and training under one roof to the south of the UK.
The new centre will also bring 12 new jobs to the area, and is a strategically significant move for the fifth-generation family business. Arco’s Bracknell will be the company’s largest dedicated safety centre, hosting practical learning environments, including a 20-metre external tower for working at height training and confined space labyrinth training facilities, as well as an on-site safety store where customers can purchase products. Jaime Sadler, Commercial Director at Arco Professional Safety Services, said: “The new Bracknell safety centre is a significant milestone for Arco. As our largest dedicated safety centre, it is ideally placed to bring our industry expertise, expansive product offering and practical training capabilities to more customers, nationally. “The expansion of Arco’s capabilities in Bracknell allows us to provide joined-up health and safety solutions for businesses UK-wide. Bracknell safety centre demonstrates the future of health and safety; end-to-end service, combining risk assessment, training and equipment provision all under one roof.”HullBID relaunches award scheme for city businesses
Businesses in Hull are again being offered the chance to shine as the countdown to the HullBID Awards 2023 begins.
The awards are open to all HullBID member businesses, who can enter free and challenge for honours across 10 different categories. The general public are also encouraged to send in applications for their city centre favourites too. The HullBID Awards returned to the calendar earlier this year and generated the toughest, but also friendliest, competition across all the categories as city centre business colleagues seized the opportunity to showcase the excellence on offer in all sectors. For 2023 there will be three new categories – Eco-friendly, Entrepreneurial Spirit and Commitment to Health and Wellbeing – and HullBID Executive Director Kathryn Shillito is confident there will be another strong turnout after a year of great achievement. Kathryn said: “The HullBID Awards have grown every year since we first held them in 2014 and we were thrilled this year to see over 330 people celebrating in spectacular fashion with the feelgood factor overflowing. “The current year has been another one of huge challenges, but also of great success as businesses have demonstrated resilience and innovation. We’ve seen lots of changes and many new faces. That tells us there’s a mood of growing confidence, and we hope that’s reflected by a clamour to enter the awards.” The awards can be entered by all HullBID member businesses, their customers and the public. Applicants just need to set out which category they are entering, the name of the individual, business or organisation, and the reasons why they should win. Multiple categories can be entered but a separate form must be completed for each category. Businesses can scan a hard copy entry and email it to catherine@hullbid.co.uk HullBID member businesses can also have their applications collected by ringing 01482 611800. Shortlisted entries will be revealed on Friday 16 December 2022 and all finalists will receive four complimentary tickets to the Grand Awards Ceremony where they can enjoy a three course meal with wine. Extra tickets can be purchased at a discounted price of £40 plus VAT each. Contact francesca@hullbid.co.uk The 10 award categories for the 2023 HullBID Awards, with sponsors in brackets are: Eco-Friendly Award (AA Global Language Services) Welcoming Premises Award (HEY Credit Union) Outstanding Employee or Team Award (Hinks Insurance) Innovative Marketing Award (St Stephen’s) Customer Service Excellence Award (East Yorkshire) Contribution to the Community Award (Office of the Police and Crime Commissioner for Humberside) Entrepreneurial Spirit Award (Hull City Council) Commitment to Health and Wellbeing Award (DoubleTree by Hilton) The Best in Food and Drink Award (Prospect Centre) Outstanding Contribution Award (The 55 Group) The deadline for receipt of applications is Friday 9 December 2022 and the winners will be announced at a gala celebration dinner which will take place at the DoubleTree by Hilton Hotel on Friday 27th January next year.Leeds-based specialist investor sets out to improve food supply efficiency
Leeds-based Isara, a new specialist investor in the food sector, has launched its debut £300m fund focused on improving the efficiency, quality and sustainability of food supply systems across the UK, Ireland and Western Europe.
Isara intends to invest in food production and distribution businesses, helping to stabilise and transform the existing food ecosystem which is undergoing structural shifts caused by rising inflation, the COVID-19 pandemic, labour supply scarcity, and a growing commitment to sustainability.
Led by Michael Rice, Isara’s team has extensive expertise working with businesses and management teams across the food sector, including Eight Fifty Food Group, Orchard House Foods, Chaucer Foods, West Cornwall Pasty Co, Heron Foods and Seabrooks, bringing hands-on experience and a network of specialist advisors to support portfolio companies.
While focusing on majority shareholding investments, the fund’s flexible investment approach will facilitate investment in opportunities where others cannot invest, as well as enabling Isara to take a longer-term view than traditional private equity investors. Practically, this means Isara can support the capital-intensive projects required to deliver radical improvement in the food industry which most investors are unable to deliver.
The fund is backed by the Sadel Group, a private family office which invests and operates in the Real Estate, Cold Storage and Energy sectors, predominantly in the UK & Western Europe. The Isara team will execute their own separate acquisition and investment thesis, while also being able to leverage the high level of technical skill present in existing Sadel businesses to help implement value creation plans where relevant.
Specific areas of consideration for Isara will include improving the carbon footprint of the businesses they invest in, ensuring industry leading corporate governance, supporting and strengthening leadership teams and workforces, and creating sustainable growth.
Michael Rice said:“We are on the cusp of a potential food crisis in the UK. We believe existing food production and supply chains have become inherently inefficient, and are under unsustainable levels of strain from a number of factors including the coronavirus crisis, increasing energy costs, food inflation and financial market volatility.
“At Isara, our fund will be used to champion increasing the efficiency and sustainability of food systems, seeking to address the challenges of long-term underinvestment, labour supply challenges, supply chain security and sustainability. Not only is this good business, but this will also create seismic benefits for the wider economy and, ultimately, the sector’s impact on the planet.”
Monks Cross business park almost full
MX Park, the 30,000 sq ft industrial/trade counter park in the heart of Monks Cross in York, is almost full.
The brand-new park features 11 hi-spec units, ranging from 1,925 sq ft to 3,550 sq ft in size. Following a raft of recent deals, only one 2,825 sq ft unit is still available. The development by Guildford-based Tonsley Investments has created 40 new and sustainable jobs.
Significant new occupiers include Howdens, who have taken a double unit, comprising 5,600 sq ft, joining Screwfix, who have also taken two units.
The other new companies who have moved onto the popular park are: Yuzu Street Food; Copy Cars dealership; Vinyl Press UK Ltd; York Minster; and UK Windows and Doors.
James Dodwell of Tonsley Investments explained: “We are very proud that our MX Park has proved so popular, attracting high-profile occupiers like Screwfix and Howdens, as well as a wide range of thriving local companies and York Minster.
“This flurry of lettings is a glowing testament of the pulling power of our park. We believe MX Park will be the first in a pipeline of industrial developments for us, and it represents an exciting and successful addition to our existing portfolio.”
A spokesperson for Howdens said: “We have been looking for the right property in York to complement our existing depots at James Street and Clifton Moor and are very pleased to be opening at MX Park as part of our on-going expansion programme.”
Richard Flanagan of York property consultancy Flanagan James and Jonathan O’Connor of Leeds-based Ryden, who are advising Tonsley Investments, added: “The outstanding success of MX Park at Monks Cross comes as no surprise. There is a shortage in York of well-located, high-quality, industrial/warehouse units like those being provided at Tonsley’s new business park.
“The arrival of so many new companies to MX Park completely justifies Tonsley’s bold decision to develop the park speculatively.
“Monks Cross has been one of the most successful out-of-town developments in North Yorkshire over the past 20 years, with a superb mix of office, industrial, retail and leisure facilities, including the brand-new LNER Community Stadium and the prestigious Monks Cross Retail Park. The MX Park is a worthy addition to this list.”
Yorkshire law firm Gordons celebrates double graduation for pioneering law apprenticeship
Law firm Gordons is celebrating the latest two graduates of its pioneering law apprenticeship.
Eleanor Tordoff and Lauren Wurzal have both qualified as chartered legal executives within the firm’s property litigation and corporate specialisms respectively.
Launched in September 2011, Gordons was the first in the legal sector to offer an apprenticeship taking its chartered legal executive lawyers to an honours degree equivalent.
Gordons created its multi-award-winning law apprenticeship to enable social mobility by providing an alternative route into the profession for school leavers without them needing to attend university. Since its inception, the firm has recruited 30 apprentices straight from school.
As part of their apprenticeship, Gordons provided Eleanor and Lauren with hands-on experience and academic study, as well as paying their salaries and course fees, for a five-year period.
Gordons partner and member of the firm’s executive board, Victoria Davey, said: “Eleanor and Lauren should be very proud of their achievements, and we are enjoying celebrating their success. We’re really pleased for them as they are both talented colleagues and great people to know.
“Our clients feel the same way about Eleanor and Lauren and they both now have the opportunity to further grow their careers with Gordons.
“We remain fully committed to our law apprenticeship as it has been a big differentiator for the firm. It shows our continued dedication to enabling social mobility within the legal profession and reflects our belief that attitude is more important than background. It is something our clients tell us they admire.”
Employing 170 people, Gordons has offices in Leeds and Bradford. The firm’s clients include retailers AO, B&M, Heron Foods, Iceland Foods, Morrisons, Ocado Retail, Whole Foods Market and Wren Kitchens.
In addition to retailers, Gordons advises a wide range of clients including construction and high-performance materials manufacturer Saint Gobain and international brewers Molson Coors.
Agricultural Growth Zone created to support Lincolnshire and Rutland
An Agricultural Growth Zone has been created to support Lincolnshire and Rutland’s agricultural sector.
The Ag Zone was announced at the Greater Lincolnshire Local Enterprise Partnership’s annual conference and will unite the work at Bishop Burton College’s Showground Campus, the Lincolnshire Agricultural Society, the Lincoln Institute of Agricultural Technology (LIAT), Barclays Eagle Farm Lab and the cluster of agritech companies now being established on the Riseholme Campus.
It will create a centre to support agriculture and a skills pipeline to attract the next generation into the industry, from schools engagement through further and higher education and on to postgraduate education and continuing professional development for the farming industry.
The Ag Zone will continue the growth of collaborative research which has attracted over £60m of investment to the area since 2016 and supported the establishment of new agritech businesses such as Fruitcast and Agaricus Robots, both created at Riseholme in 2021.
The long-term aim is to link the cluster of skills, innovation and business support to a network of commercial demonstration farms across Lincolnshire to trial new technologies.
The Ag Zone will also work to secure additional investment to help farmers adopt new technologies, helping to ensure that Lincolnshire farms have the support they need to secure this new investment.
“Greater Lincolnshire has the UK’s leading agricultural sector underpinning the food economy in the UK Food Valley where there are over 75,000 people employed in farming, food processing and distribution,” said Sarah Louise Fairburn, deputy chair of the Greater Lincolnshire LEP and chair of its Food Board.
“Our farms produce over £2 billion of crops and livestock, 11% of the English total, with particular strengths in fresh vegetables where we have 30% of English production, as well 20% of the sugar beet, 19% of the poultry and 19% of the ornamental crops in England.
“But we know the agriculture sector is changing rapidly as the food chain reacts to pressures created by the pandemic, conflict in Europe, the cost of living crisis and policy changes.
“It is vital we help the industry adopt new technology and skills, support investment in the industry and address long-term challenges such as climate change. By bringing the key organisations together who work on this in Lincolnshire we will help our farmers and support the continued growth of the agritech sector through the work of the Ag Zone.”
Councillor Colin Davie, executive councillor for economic development, environment and planning at Lincolnshire County Council, said: “‘The Ag Zone is the next big development in the UK Food Valley and comes at a time of great change in our farming industry. We are determined to ensure that farmers across Lincolnshire have the tools needed to succeed, including the tenants on our county farms. I look forward to supporting the Ag Zone in helping our farms to access the support which will enable them to thrive.”
Councillor Owen Bierley, leader of West Lindsey District Council, said: “West Lindsey is keen to support the growth of agritech and is pleased to be working with partners on the A15 corridor north of Lincoln as they establish the Ag Zone.
“We want to create a highly skilled, dynamic economy along the A15 corridor and see agritech and the sustainable growth of farming as being essential to this mission. Building on the developments we have already seen at Bishop Burton and on the University’s Riseholme Campus is a key part of our vision and we will do everything we can to support the momentum of this cluster.”
Professor Simon Pearson, director of the Lincoln Institute for Agricultural Technology at the University of Lincoln, said: “The university is delighted to be supporting the Ag Zone. At LIAT we have been pioneering technologies ranging from agricultural robotics and digital systems to soil management and energy systems.
“We are also developing a cluster of agritech businesses on our Riseholme Campus and are keen to see this continue to grow with support from organisations such as Barclays Eagle Lab. Working with our partners in the Ag Zone will ensure we can help support the adoption of technology across the farming industry.”
Bill Meredith, principal of Bishop Burton College, said: “Bishop Burton is the leading provider of training for the next generation of farmers in the region and at our Showground Campus we focus on precision agriculture and the way in which technology is transforming our industry.
“We look forward to working with our partners in the Ag Zone to ensure we provide a complete skills package to meet future industry needs.”
Andrew Buckley, chairman of the Lincolnshire Agricultural Society, said: “The Agricultural Society is keen to support the Ag Zone as it builds on the work we do with schools, farmers and the wider community to promote the agricultural industry as a dynamic and progressive sector of the economy. Through our educational and events programmes we look forward to working with our partners to deliver outreach across the community.”
Lisa Bagley, head of the Barclays Eagle Farm Lab, said: “Barclays Eagle Farm Lab is one of a network of Eagle Labs across the UK, but the only one which focuses on agritech. Our partnership with the University of Lincoln ensures that the companies we support have access to farms and workshops to develop their technology, as well as links to business start-up and growth support.
“Working with our partners in the Ag Zone we will continue to offer a national service to link agricultural innovators to the farming industry and the support they need to grow and flourish.”
Property industry leaders join Wykeland Board to support next phase of growth
Property industry heavyweight Paul Millington has become the new Non-Executive Chair of leading Yorkshire commercial developer Wykeland Group.
Mr Millington, who has held senior Board positions with the Evans Property Group for 27 years, has been appointed to Chair the Wykeland Board as the business delivers a series of major developments vital to regeneration and economic growth across Yorkshire and the Humber.
He is joined on the Wykeland Board by a new Non-Executive Director, Richard Dawson, who brings to the business more than 30 years’ experience in senior financial, commercial and strategic roles.
The new appointments bring further experience and expertise to the Wykeland Board as the Hull-based business delivers some of the biggest and most ambitious developments in its history of more than 50 years.
They include a £150m retail logistics fulfilment centre, for which Wykeland secured planning approval, and a £100m research and development and manufacturing facility for global medical technology business Smith+Nephew, which is going through the planning process.
Both of these developments are at Wykeland’s Melton West business park, west of Hull, which is one of Yorkshire’s premier locations for large-scale investments.
As well as Melton West, Wykeland’s flagship developments include the Bridgehead business park close to the Humber Bridge; the £100m-plus Fruit Market urban village in Hull, in partnership with Beal Homes; the £20m Treadmills mixed-use scheme on the site of the former Northallerton Prison in North Yorkshire; Hull’s @TheDock tech campus; the Flemingate retail and leisure destination in Beverley, East Yorkshire; and Europarc, the premier business location on the south bank of the Humber.
Wykeland Managing Director Dominic Gibbons said: “We’re delighted that two such highly-respected property industry leaders have joined our Board.
“Paul and Richard are well-known figures on the North of England property scene and bring to the Board decades of high-level experience which will support our next phase of growth.
“Their expertise will reinforce our excellent executive team and will be important as we deliver existing developments and capitalise upon the many exciting new opportunities we have identified.”
Mr Millington has held a series of senior Board level positions with Leeds-based Evans Property Group, one of the UK’s leading privately-owned property investment and development companies, with net assets of over £600m.
His roles have included Group Finance Director, Overseas Investment Director and Executive Director responsible for overseeing the growth of the Dakota Hotels business.
He has represented Evans Property Group on the Boards of several joint ventures, including with LendLease, Land Securities PLC, Harworth Group PLC, Kelda Group, CALA Homes, the University of York and the Kodak Pension Fund. He also acted as an Advisor to the Evans Family Trust and sat on the Evans Family Council.
Mr Dawson became Finance Director of Highstone Group in 2001 and then Head of Family Office for the Moore Family in 2007. This position included a key role in the growth of Wilton Developments, the Leeds-based property development business within the Moore Group.
Mr Millington succeeds former William Jackson Food Group Chairman Christopher Oughtred as Chair of Wykeland Group, while Mr Dawson replaces Neil Stothard, Chief Executive of construction products and services specialist Vp PLC, as Non-Executive Director.
Mr Millington said: “I’m delighted to be joining one of the region’s leading property developers. Wykeland is a fantastic business, underpinned by strong core values, and its engagement with community stakeholders has enabled it to consistently deliver first-class developments.
“I’m really looking forward to working with Dominic and the executive team and to the challenges and opportunities that lie ahead.”
Mr Dawson said: “I’m very excited to be joining Wykeland to assist with the next stage of the company’s growth and I’m looking forward to working with Paul, Dominic and the Wykeland team.
“Wykeland Group has an outstanding reputation for delivering high-quality projects and combining excellent financial results with a strong ethical code and values. With a healthy balance sheet and an enviable development pipeline, Wykeland is in a great position to build for the future.’’
Occupier take-up year to date 2022 totals 3m sq ft in Yorkshire, North East Derbyshire & The Humber
The South Yorkshire and North East Derbyshire region saw a solid uplift in development activity during the third quarter of this year in response to the occupational demand across the sector.
South Yorkshire and North East Derbyshire saw 3.1 million sq ft of speculative space under construction (Units over 50,000 sq ft) across 16 units.
West Yorkshire and the Humber saw a much-needed boost in speculative activity in the same period with 607,500 sq ft of space under construction (units over 50,000 sq ft), spanning across six schemes, with three more now underway.
In total for region, occupier take-up year to date 2022 totals more than 3 million sq ft, 2.2m of which has come from South Yorkshire and North East Derbyshire, whilst the severe lack of immediately available grade A and new stock has restricted transactional activity in the West Yorkshire region despite continued occupier demand.
Rental growth in West Yorkshire was just ahead of prime annual rental growth at 11 per cent, compared to a new high of 10 per cent in the south of the county.
The figures, highlighted in Knight Frank’s LOGIC report, which profiles occupier and investment market trends across the region and sector highlights the developer response underway to address the supply constraints.
Commenting on South Yorkshire and North East Derbyshire, Rebecca Schofield, partner and head of Yorkshire Industrial at Knight Frank, said: “There is a good demand for newly developed space.
“The third quarter of 2022 recorded 915,900 sq ft of take up in the region (units 50,000 sq ft+), bringing the total for the year to date (YTD) to 2.2 million sq ft.
“Take up in Q3 was largely boosted by one significant deal; transportation and freight services company, Maersk, signed a 15-year lease on the newly-built Mammoth 602 in Doncaster, comprising 602,000 sq ft of space. Distribution occupiers remain the most active, accounting for 47% of YTD occupier activity.
“Reflecting the strong demand for new, high quality space, almost half of take up so far this year comprises new, speculative buildings, while a further 32% are build-to-suit units.
“Demand for prime units in South Yorkshire & North East Derbyshire continues to support rental growth.
“The South Yorkshire & North East Derbyshire industrial market has witnessed a solid uplift in development activity during Q3 2022. There remains a shortage of immediately available space in the region.
“Availability has declined by 12% on an annual basis, to stand at 1.2 million sq ft at end-September (units over 50,000 sq ft). This brings the vacancy rate for the region down to 2.1%, from 2.5% in Q3 2021. However, the pipeline of new development coming through should alleviate some of this supply-side pressure next year.”
Developments in South Yorkshire include Catalyst in Sheffield, Panattoni Park in Rotherham, where a letting has been agreed; Barnsley 340 which will provide 340,400 sq ft of space, 5 units are on site at Horizon 29, while PLP have broken ground on four units totalling 605,500 sq ft at Bessemer Park, Sheffield. All are due for practical completion next year.
Prime rents in Sheffield are 10% higher than last year (units over 50,000 sq ft) and Knight Frank expect rental growth to continue as new developments come forward.
Commenting on West Yorkshire and The Humber, Iain McPhail, partner in the Yorkshire Industrial team at Knight Frank in Leeds, said: “Speculative development is gathering momentum.
“The West Yorkshire & the Humber industrial market saw a much-needed boost in speculative development
activity during Q3 2022. At the end of September, 607,500 sq ft of space was under construction speculatively (units over 50,000 sq ft), spanning across six schemes, with three commencing in the third quarter.”
Developments included UBS Velocity Point in Leeds, Howden 62 in East Riding also commenced, providing 86,808 sq ft of space, while Tungsten’s 230,000 sq ft Super B and 4th Industrial’s two unit development, both at Interchange 26, Cleckheaton are also well underway and close to practical completion.
Iain added: “Despite the wider economic outlook, the occupational industrial market is showing continued robustness with requirements remaining at strong levels.
“The issue in the region is the distinct lack of options for occupiers. Neighbouring South Yorkshire has enjoyed just under 1 million sq ft of take up in Q3 and has 3.1 million sq ft of new speculative space under construction, showing that if there is available space, the demand is there.”
Iain added that vacancy rate remains persistently low. “Availability remains an issue for occupiers, particularly in the large and new-build market. The volume of immediately available space declined by 17% in Q3 to stand at 1.3 million sq ft (units over 50,000 sq ft), all of which comprises second-hand stock, mostly grade B & C, while there are no units over 250,000 sq ft available for larger occupier requirements. This results in a sub 2% vacancy rate.
“Low supply continues to influence take up levels. Q3 2022 recorded just 192,500 sq ft of take up in West Yorkshire (units over 50,000 sq ft), as the shortage of stock continues to hamper the occupier market. Consequently, take up in the year to date (YTD) totals 808,200 sq ft. Second-hand units make up 93% of YTD leasing activity, with just one unit taken on a build-to-suit basis.
“Quarter three saw just two transactions, namely the 140,000 sq ft Dianthus House unit in East Riding and the 52,000 sq ft Astonish House warehouse in Bradford. Distribution firms remain the most active this year, accounting for 58% of take up.
“Industrial rental growth across the region continues to be underpinned by the supply/demand imbalance, leading to new quoted headline rents on units being speculatively developed.’’
