Refurbishment programme leads to full occupancy for Rotherham business park

An extensive £1m refurbishment programme has led to full occupancy at a 112,000 sq ft Rotherham business park.

New tenants Fourways Traffic Management, introduced to the industrial scheme by property consultants Knight Frank, have completed the line-up of 20 occupiers at Waleswood Industrial Estate, while two lease renewals have been agreed for a further five years.

The well established MLI estate, comprising of 22 units across three terraces, was purchased in October 2021 for £9.95m by BCCIM, a joint venture between Barwood Capital Ltd and Caisson Investment Management, in their Urban Industrial Income LP, who undertook a substantial refurbishment of the development.

Tenants have been attracted by the refurburbishment works which were recently completed, which included ESG works to improve the energy efficiency of the estate with new roof coverings, cladding and the replacement of windows and doors across the whole estate resulting in EPC upgrades, and also its ideal position within South Yorkshire, at the boundary of Sheffield and Rotherham allowing easy access into Sheffield and onto the M1 motorway.

Harry Orwin-Allen, senior surveyor at Knight Frank in Sheffield which marketed the units with CPP, said: “The offer of modern refurbished units, tailored to occupiers needs, has satisfied the continued need for good quality accommodation, and subsequently achieved strong headline rent levels.”

Fourways Traffic Management has joined the local and national occupiers at Waleswood including Yorkshire Crisps, Pollybrook Ltd and Xpress Sameday Ltd.