Parabola signs manufacturer for giant Wakefield shed
Parabola has signed glass bottle manufacturer Allied Glass to occupy a 190,000 sq ft shed at Wakefield Europort, West Yorkshire.
The Yorkshire-based manufacturer will take the entire distribution warehouse called Wakefield Eurohub on a 10-year lease. The agreed rent is £4.25 per sq ft.
The 220-acre distribution location is already home to DHL, Argos, ASDA, Kuehne & Nagel, Warburtons, Royal Mail, 3663 and One Stop.
[caption id="attachment_872947" align="alignnone" width="570"] Wakefield Eurohub[/caption]
Parabola has signed glass bottle manufacturer Allied Glass to occupy a 190,000 sq ft shed at Wakefield Europort, West Yorkshire.
The Yorkshire-based manufacturer will take the entire distribution warehouse called Wakefield Eurohub on a 10-year lease. The agreed rent is £4.25 per sq ft.
The 220-acre distribution location is already home to DHL, Argos, ASDA, Kuehne & Nagel, Warburtons, Royal Mail, 3663 and One Stop.
Barry Woods, director at Parabola said: “The letting has also vindicated our strategy of comprehensively refurbishing secondhand buildings to a high-quality specification.”
Rebecca Schofield, partner with Knight Frank’s industrial property team in Yorkshire, which advised Parabola, said: “The key themes to take from the industrial sector in the region at the beginning of 2017 are that we are seeing the speculative development of small-to-medium sized units making a return to the market and we are starting to see continued rental growth and confidence within the market.
“Throughout the industrial market, construction costs have acted as a brake on smaller speculative development over recent years. Occupier demand remains strong amid the shortage of units and we have seen grant and local authority support assist with delivering stock to the market.”
Moriarty & Co also advised Parabola.
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