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Eddisons scores £2.5m hat trick of Leeds warehouse deals

Written by: Steven Jones on Thursday 22/11/2018

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Property consultant Eddisons has completed £2.5m of deals to sell three Leeds industrial and warehouse sites in under three months, after selling a 15,000 sq ft warehouse on Burley Road.

The 224 Burley Road property, owned by racking firm Sandring, completes the trio of deals and was bought this month for £490,000 by Leeds Property Rentals. The unit, which had recently lapsed planning consent for redevelopment to apartments, will be used by the business as storage space and a joinery workshop to service its rental properties in the area. The deal was supported by Handelsbanken.

Acting on behalf of security firm Loktec, in September Eddisons also sold a 9,000 sq ft purpose-built modern warehouse unit at Whitehall Cross for £710,000 to automated metal gates and doors business, Rolling Center. The company is expanding and relocating from its current premises in Hunslet.

Last month Eddisons sold 30,000 sq ft Anchor Works on Swinnow Lane in Bramley to fibreglass mouldings business MPM for £1.3m. Supported by Leeds City Council Economic Development team, the family business was looking for new premises after being hit by a devastating fire at its Pudsey factory in February. High‐tech label‐printing business Print Leeds relocated to the neighbouring Tanda Works unit 12 months ago, in a deal also led by Eddisons.

Eddisons agency team director, Steven Jones, said: “It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.

“In the case of MPM it was essential that they found a suitable new premises enabling the business to get back to full-scale production after the fire sadly destroyed their factory, and they are now back to capacity in their new unit.”

He added: “We are seeing escalating demand for quality owner‐occupied industrial and warehouse space in Leeds. In the right locations supply is struggling to keep up with demand."

 

It is tremendously satisfying to be able to help businesses to grow by finding them the property they need.

Written by: Steven Jones on Thursday 22/11/2018

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About the author

Joining Eddisons as an Associate Director in 2013, Steven brings to the table over ten years’ experience as a surveyor, particularly active within the Yorkshire commercial property market as a professional consultant in general practice, including five years plus PQE (Post Qualified Experience).

Steven now leads the Leeds agency team providing coverage in investment brokerage, industrial and logistics as well as office agency and development.

As a member of The Royal Institution of Chartered Surveyors (MRICS), The Leeds Office Agents Forum (LOAF), The Industrial Agents Society (IAS), and as Joint Chairman of The Office Agents Society (OAS) for Yorkshire, Steven’s solid industry knowledge, expertise and networks make him a reliable reference point for clients ranging from high net worth individuals, occupiers, PLCs, regional property companies as well as banks and investors.

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