Full house at refurbished industrial property

Full house at refurbished industrial property

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Following the off-market acquisition of a Bradford industrial property at Morley Carr Business Centre, Property Alliance Group (Alliance) has repositioned and fully let the industrial space.

Alliance added the 62,000 sq ft industrial property to its portfolio less than 12 months ago.

It has let four units to national textile distributor, John Cotton Group, with comprehensive enabling works provided as part of an asset management strategy.

International self-storage firm, Titan Containers, has also agreed terms for a 10-year lease of the 1.7-acre yard at the site.

Since acquiring the site, Alliance has upgraded the facility to include new perimeter fencing, new security lighting and CCTV monitoring, yard works and modernisation of the internal space to provide energy efficient space.

Constantine Thanopoulos, development surveyor for Alliance, said: “This building is on a popular industrial park where there is a high demand for space but limited availability.

“We are happy to have been able to move quickly to secure the opportunity off-market, the reward being that we have welcomed robust tenants, John Cotton Group and Titan Containers, to join other occupiers at the site, and added significant value to the property and estate.”

GV&Co acquired Morley Carr on behalf of Property Alliance Group and is the acting agent.

Daniel Walker, of GV&Co, said: “We are pleased to have acted for Property Alliance Group for this off-market acquisition in Bradford.

“Once vacant possession was obtained, the ability to agree terms quickly for the new open market letting shows the continued strength of the industrial market and shortage of supply for quality industrial space in Bradford.”

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