UK logistics developer and investment manager, has leased PLP Smithywood to third party logistics provider of end-to-end operations, Advanced Supply chain Group.
The site is located at Junction 35 of the M1 in Sheffield, PLP Smithywood is a 17 acre gateway logistics site accommodating 346,300 ft2 of warehousing / logistics space. PLP Smithywood is one of the largest speculative warehousing developments in the Yorkshire region.
PLP Smithywood is one of the first completed carbon net zero warehousing logistics developments in the UK, and was developed in accordance with the UK Green Building Council’s Net Zero Buildings Framework.
The site was acquired by PLP’s investment medium UK Logistics Venture, (UKLV), its previous investors include Ivanhoé Cambridge, Peel L&P, and MIRA Real Estate.
Matt Fitton, Development Director at PLP said: “In welcoming Advanced Supply Chain Group to PLP Smithywood it is particularly pleasing that a fast growing end-to-end logistics provider has recognised both the locational qualities of PLP Smithywood and PLP’s commitment to carbon net zero warehousing facilities, we wish them well in the new facility.”
Commercial Property Partners advised on the transaction.