Real estate investor and developer, Firethorn Trust, has snapped up a 24-acre logistics site in Barnsley, South Yorkshire.
The site forms part of the wider ‘Phase 2’ development at Gateway36, which spans more than 51-acres and is owned by Yorkshire-based land and property regenerators, Harworth Group plc.
Contracts have now been exchanged, and Firethorn is set to deliver a 340,000ft2 single logistics unit by Q2 2023.
This latest deal follows Firethorn’s recent acquisition of a 37-acre scheme in Sherburn-in-Elmet, where the developer will create 660,000ft2 of new logistics warehousing.
Dan Green, Associate Director at Firethorn Trust, commented: “Yorkshire has become a recent focus of inward investment, and as Grade-A spaces across the region are expected to remain in short supply for the medium term at least, we are excited to bring the scheme’s delivery forward at pace.
Firethorn Trust was advised by Stephenson Harwood and Harworth Group was represented by Knight Frank and Gent Visick.