Investor Urban Logistics REIT and developer, Newsholme Developments, have started the development of a new speculative warehouse in Sheffield.
The 131,500ft2 building, known as Newhall131, is located at the Newhall 58 development in Newhall Business Park, and is expected to reach practical completion in May 2023.
The warehouse will be built to a high specification with strong sustainability credentials, targeting BREEAM Excellent and an EPC A rating. The warehouse is self-contained and set within a Secured by Design site and has the ability to create up to 150 new jobs for the area.
Toby Wilson of marketing agents M1 Agency said: “The Sheffield warehouse market is currently starved of 100,000ft2 – 200,000ft2 new build Grade A stock and the units’ size and specification will help to fill this void, especially given the strong sustainability credentials and good surrounding labour supply. The occupier market is still robust with good levels of early initial interest pre-practical completion in May 2023.”