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Practical completion for Barnsley warehouse

30 October 2023

Firethorn Trust as reached practical completion of Barnsley 340, a speculative warehouse development in South Yorkshire, owned by investment firm Cain International.

By Liza Helps Property Editor Logistics Matters

BARNSLEY 340 totals 344,635 ft2 comprising a 320,000 ft2 warehouse with 15m eaves, 34 dock and four level access doors. It has 15,000 ft2 of two storey office space, a 5,000 ft2 hub office and it has 55 HGV space as well as  284 car parking spaces.

It was built net-zero carbon in its construction and has a BREEAM Excellent and EPC A rating.

The property sits on the Gateway 36 development at Junction 36 of the M1 motorway. Joint letting agents are Knight Frank and GV&Co.

This is the penultimate asset to complete in Cain’s initial £550 million logistics portfolio acquisition from Firethorn Trust. The portfolio’s final asset, Sherburn 42, is set to complete later this year.

Cain International acquired the portfolio of seven sites totalling 3.25 million ft2 in march 2022. It included two newly built developments, and five consented land sites in Northampton, Leighton Buzzard, Ellesmere Port, Peterborough, Leeds, Barnsley and Belvedere, South East London.

The acquisition represents Cain’s entry into the UK logistics market. As part of the transaction, Firethorn Trust has developed out the remaining sites and is acting as leasing and asset manager across the portfolio on behalf of Cain International.

At the time of the acquisition of the portfolio Cain International Senior Managing Director and Head of European Investment Daniel Harris, said: “This acquisition was a unique off-market opportunity for us to enter the UK logistics market through a portfolio of considerable scale and quality, as well as with a respected long-term partner. This is part of an exciting period of growth for Cain in the UK and follows our recent announcement that we plan to build a portfolio of PBSA assets worth £1.5 billion.”