Thursday, April 22, 2021

National packaging company leases unit at new Kinetic 45 Leeds warehouse

A national packaging company has signed a lease for a 60,240 sq ft unit at the new speculatively built industrial warehouse at Kinetic 45 in the heart of the Leeds City Region Enterprise Zone.

The unit has been let to Fenton Packaging by joint agents CBRE and LSH acting on behalf of Wesleyan, who purchased the warehouse in December 2020. Knight Frank acted for Fenton Packaging.

The high-quality warehouse forms part of the Kinetic 45 development on Newmarket Lane, close to J45 of the M1 motorway near Leeds City Centre.

It comprises Grade A industrial space and first floor office accommodation. Kinetic 45 is linked directly by the East Leeds Link Road (A63) and J4 of the M621 motorway is a few miles south west of the warehouse.

Fenton Packaging has signed a 15 year lease term for their new premises. The company specialises in supplying a wide range of metal and plastic packaging for the industrial and foodservice sector including paints, oils, lubricants, chemicals, resins and food manufacturing.

The relocation of the business enables Fenton Packaging to future proof their growth strategy. It will also see the creation of new jobs as Fenton are working closely with Leeds Council and Leeds Beckett University to create positions relevant to their vision and strategy.

“This sizeable deal is a testament to the continued demand for high quality industrial space in the West Yorkshire market,” said Danielle Raunjak, Industrial Agency at CBRE.

Tom Goode, Associate in the Industrial Agency team at Knight Frank in Leeds, said: “The move marks the latest chapter of their long and established history in Leeds whilst the purpose built facility, with modern specification and excellent access to J45 of the M1 will be a catalyst for growth.”

David Wilson, Operations Director of Fenton Packaging, added: “This will see Fenton move into the next chapter of its business vision and strategy.

“It shows both our customers and our staff the commitment we have to them to deliver world class service and world class products in line with a working environment which matches our ambitions.”

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