Market Leads & Opportunities
Joint Venture Acquires Site for 300k Sq Ft Development
A joint venture between UK property development companies Premcor and Peveril Securities has acquired its first site in South Yorkshire and now has plans for 300,000 sq ft of new industrial accommodation.The JV has bought the 18-acre phase four site at Sheffield Business Park, one of the last remaining development opportunities on the 200-acre development, for an undisclosed sum in a deal brokered by Knight Frank and BNP Paribas Real Estate.Subject to planning, Premcor and Peveril intends to develop warehouse and industrial units on the park, which forms part of Sheffield City Region’s Advanced Manufacturing Innovation District and fronts onto Sheffield Parkway.Richard Smith, partner in the commercial property team at Keebles completed the legals for Sheffield Business Park.
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