A 125,000 sq ft warehouse unit on the M1 corridor at Barnsley has been bought, with 70 jobs to be created by leading electrical buying organisation Euronics.
Bramall Properties brought forward Maple 125, a speculative development at Junction 36, in conjunction with Rula Developments and with the support of Enterprising Barnsley.
Combined Independents (Holdings) Ltd, the national group of independent retailers behind the Euronics brand, will now put it at the heart of the European distribution network.
Read more: Land deal done for major expansion of £12m industrial park at Doncaster Sheffield Airport site
Steve Scogings, chairman, said: “This is a significant investment for CIH on behalf of its members, but one that we are confident that it will be worth its weight in gold.
“It gives us exactly what we need as a business. We now have access to purpose-built, high-quality space in the right location to buy and hold more stock of our key product lines. This will help CIH members serve their customers in the right way, with speed, efficiency and to the highest possible standard.”
Described as being finished to a high specification, it features 12m eaves, a 50m yard, 12 dock level loading doors, two ground level loading doors, 23 HGV spaces, 80 car parking spaces, fitted office accommodation and up to 1MVA power supply.
Jonathan Duck, of Bramall Properties, said: “Maple 125 is a prominent, high quality warehouse/manufacturing unit, in the highly sought-after 100,000 sq ft plus range, in an excellent central national location.
Most Read
Get business news direct to your inbox
There's no better time to stay up to date with economic and business news from your region. By signing up for our daily newsletters, email breaking news alerts and weekly round-ups from all the major sectors, you get our journalism direct by email. To sign up, find out more and see all of our newsletters, follow the link here
“The development demonstrated our confidence in the South Yorkshire market, our product, the location and the sale proves the appetite within the industrial and logistics sector for warehouse units of this size within the region and we were delighted to have concluded a sale ahead of practical completion.”
Bramall Properties was represented by Knight Frank and Colliers.
Rebecca Schofield, partner at Knight Frank in Sheffield and head of the Yorkshire industrial team, said: “Completion of the unit was perfectly timed given the strong increase in warehouse demand we have seen in the first six months of 2021. This reflects the increasing move online and this unit is perfectly placed to take advantage with great access to the M1 and the North and South.
“CIH in expanding their distribution network. We wish them every success in the future.”