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Irwin Mitchell Advises On Sheffield Business Park Deal

10 Feb 2015

Irwin Mitchell’s Real Estate Team have just acted for the joint venture set up by JF Finnegan and Sheffield Business Park and completed £1.375m of land sales within Sheffield Business Park to Tuffnells Parcels Express and JCT 600.

Andrew Wallis, Real Estate Partner in Irwin Mitchell’s Sheffield Office, said:

Andrew J Wallis It is exciting times for the City, particularly around the Sheffield Business Park area and it is great for Irwin Mitchell to be able to support the businesses that really want to make things happen.”

Tuffnells Parcels, whose HQ is in close proximity to the site, has bought 3.55 acres to develop a new parcel depot and JCT 600 has purchased a 0.1 acre plot to expand its existing operations at Zone 6 where its VW Gilders Van Centre is in operation.

Sheffield Business Park is one of Yorkshire's largest business parks with more than 200 acres of which about 600,000 sq ft is already built and occupied by high-profile occupiers such as Fujitsu Siemens, HSBC, South Yorkshire Police and Stanley UK with in excess of 900,000 sq ft of future development proposed.

Nick Gillott, director at JF Finnegan, said: "This year has kicked off with a real sense of renewed optimism and vigour in the South Yorkshire property market and deals such as these certainly validate that. The land within Zone 6 met the right criteria for Tuffnells and JCT 600 and we are delighted to welcome them to the development."

Graham Sadler, Managing Director at Sheffield Business Park, said: “I can see people thinking, ‘if I don’t get in shortly we will lose out’. It’s clear there’s a lot happening and I can see a time when the business park is full. The University of Sheffield’s commitment to building Factory 2050 on the park has stimulated significant interest from advanced manufacturing companies and their supply chains which further enhances the development’s profile.”

Matter Type
Asset Sale: Seller's Counsel
Industry
Real Estate & Construction
News Category
M&A
Real Estate & Construction