Gregory Properties acquires site for speculative industrial development | Yorkshire Property News

Gregory Properties has agreed a deal to buy a site at Sheffield Business Park for a new speculative industrial development.

The company has agreed to buy the two-acre plot on Europa Way, subject to planning, from Sheffield Business Park Ltd, adding to its portfolio of industrial developments.

It plans to speculatively build a 30,000 sq ft industrial unit, with a planning application set to be submitted this week.

Gregory Properties is currently working up designs with The Harris Partnership. These are set to include 30,000 sq ft of industrial/warehouse space with a 3,000 sq ft office mezzanine.

Subject to approval, the developer expects to be able to start on site in the winter of 2022.

Nick Gillott, development director at Gregory Properties, said: “We are delighted to acquire this prime strategic site that is already recognised as a hotbed of cutting-edge industry and is also well placed for last mile logistics operators serving the Sheffield City Region.

“Our success in acquiring this site is testament to our credentials in developing market ready estates that can respond to current demand and attract strong occupiers as well as investment.”

Sheffield Business Park is an established 200-acre business destination located off Junctions 33 and 34 of the M1 and to the North of Sheffield City Centre. Current occupiers include SIG Group, South Yorkshire Police, Gleesons, TNS, Primetals and Hart Shaw.

The park is situated within the heart of the Advanced Manufacturing & Innovation District (AMID), which has experienced substantial investment from occupiers including Boeing, Rolls-Royce and McLaren. The adjacent University of Sheffield Innovation Campus is also home to Factory 2050 and the ITM Power Gigafactory proposal was also recently announced for the site.