Real estate investor and developer Firethorn Trust has acquired a 37 acre site at Sherburn-in-Elmet, Leeds.
The new site is part of a wider Sherburn2 scheme which spans across 75 acres and is owned by Glentrool Estates Group.
Firethorn has now exchanged contracts with Glentrool, in a deal that will allow the delivery of up to 660,000ft2 of new logistics warehousing across one or multiple buildings, suited to a range of occupiers, from SMEs to larger manufacturing and distribution companies.
Situated next to Junction 42 of the A1(M), the new site is immediately adjacent to Sherburn Enterprise Park, which is home to several large multi-national occupiers including L&G Modular Homes, Eddie Stobart, Sainsbury’s, and Clipper Logistics.
Dan Green, Associate Director at Firethorn Trust said: “As occupiers continue to adapt their supply chain and distribution models to fit the post-Covid economy, demand is expected to remain at these levels in the medium term, whilst the increased drive to e-commerce is further fuelling occupational demand.
“This acquisition is another example of our strategic approach to identify sites in strong locations across the UK for development and unlock opportunities to deliver modern, high-quality warehousing solutions, highly-sustainable schemes and economic benefits for the wider region.”
Firethorn Trust was advised by Lambert Smith Hampton and Stephenson Harwood and Glentrool was represented by Colliers International and Carter Towler.