MARK Capital Management’s urban logistics strategy, Crossbay, has leased West Yorkshire logistics property, Shawcross 115.
Crossbay has let Shawcross 115 – a 10,700km² (115,000ft²) refurbished last-mile warehouse in Shawcross Business Park – to UK independent engineering and services business, NG Bailey.
Crossbay acquired the last-mile warehouse when it was vacant, before completing a full refurbishment as part of its sustainability-led asset and capex management programme.
Located just off Junction 40 of the M1, the warehouse will support NG Bailey’s production capacity for Tata Group’s £4bn Gigafactory project.
The warehouse – which has achieved an EPC ‘A’ rating – has been divided into two units and incorporates sustainability technologies to minimise operational carbon emissions and improve overall energy performance.
The second unit (Shawcross 55) is available to let and benefits from excellent loading capabilities and an over-sized concrete service yard.
Shawcross Business Park is less than nine miles from Leeds city centre and 2.5 miles from the M62 (J28) and M1 (J40), providing excellent national connectivity.
Head of UK, Crossbay, Devan du Plooy, said: “This agreement represents the strength of demand for high-quality last mile assets that are strategically located, sustainable, and designed to meet the requirements of a very wide range of occupiers.
“Furthermore, it demonstrates the Crossbay team’s market-leading ability to source off market opportunities and undertake significant asset repositioning, in order to maximise value for our investors.”
