One of West Yorkshire’s largest logistics leasing deals of 2025 has been completed by Crossbay, the urban logistics strategy of pan-European real estate investment manager MARK Capital Management.
Crossbay has let Shawcross 115, a 115,000 sq ft prime refurbished last-mile warehouse in Shawcross Business Park, to NG Bailey, the independent engineering and services business.
Located just off J40 of the M1, close to south Leeds, the warehouse will support NG Bailey’s production capacity for Tata Group’s £4bn Gigafactory project, where it is delivering manufacturing, engineering and production services for the UK’s largest battery manufacturing facility.
Crossbay acquired the last-mile warehouse when it was vacant, before completing a full refurbishment as part of its sustainability-led asset and capex management programme.
The warehouse, which has achieved an EPC A rating, has been divided into two units and incorporates state-of-the-art sustainability technologies to minimise operational carbon emissions and improve overall energy performance.
Devan du Plooy, head of UK, Crossbay, said: “This agreement represents the strength of demand for high-quality last mile assets that are strategically located, sustainable, and designed to meet the requirements of a very wide range of occupiers.
“Furthermore, it demonstrates the Crossbay team’s market-leading ability to source off market opportunities and undertake significant asset repositioning, in order to maximise value for our investors.”
Crossbay was jointly advised by Knight Frank and Carter Towler.
