Engineering and infrastructure services provider snaps up Yorkshire warehouse
Independent engineering and infrastructure services provider NG Bailey has taken a circa.115,000 ft2 warehouse at Shaw Cross Business Park, Dewsbury, West Yorkshire.
By Liza Helps, Property Editor, Logistics Matters
THE PROPERTY known as Shawcross 115 totals 115,009 ft2 and has been leased on new 10 year lease at £7.75 per ft2 from urban logistics asset manager and investor Crossbay.
Crossbay acquired the 170,000 ft2 last-mile warehouse when it was vacant, before completing a full refurbishment as part of its sustainability-led asset and capex management programme. The warehouse – which has achieved an EPC A rating – has been divided into two units and incorporates state-of-the-art sustainability technologies to minimise operational carbon emissions and improve overall energy performance.
The warehouse, located just off Junction 40 of the M1, will support NG Bailey’s work on Tata Group’s £4 billion UK gigafactory project, where it is delivering engineering and production services.
Crossbay head of UK 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.”
Crossbay was jointly advised by Knight Frank and Carter Towler.
