Knight Frank’s recent H1 2014 logistics report cited that occupier demand was upbeat in the first half of the year resulting in take-up being double that of the same period last year. This, combined with an increasing number of enquiries from manufacturers as the economy improves indicates that demand is greatly outstripping supply in the South Yorkshire area.
Managing Director of St Paul’s Developments, David Newton, commented; “The recent half-year logistics reports have confirmed that the logistics market is changing for occupiers and that the days of big incentives on built stock are a thing of the past. The drastic shortage of stock in South Yorkshire paves the way for a concerted return to design and build and we are confident that the 29 acres of ‘oven ready’ land we have with EZ status at Smithy Wood, is in prime position to accommodate the large occupiers.”
Smithy Wood is one of the region’s most acclaimed business and industrial parks occupying one of its most strategic locations with immediate access to Junction 35 of the M1 and has attracted a host of high profile occupiers such as Kier, DPD, Medilink UK , Cutting and Wear and Konica Minolta since work began in 2005.
20 acres of the extensive 50 acre site has already been transformed by regeneration specialist, St Paul’s Developments in a joint venture partnership with The Norfolk Estate, with over 165,000 sq ft of developed space in Phases 1 & 2. The third 29 acre phase is able to accommodate 500,000 sq ft of bespoke opportunities.