Investment group acquires modern warehouse property

October 18, 2021

Investment group acquires modern warehouse property

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Acting on behalf of Barmston Developments, CBRE together with joint agents CPP, have sold Unit 2 at Enterprise 36 industrial park to CBRE Global Investors.

The agency team has been retained to seek a tenant for the speculatively developed unit which forms part of a four-unit scheme located in Tankersley, South Yorkshire.

The 77,804 sq ft unit 2 at Enterprise 36 includes versatile industrial/warehouse space along with office provision, a large secure yard and loading area and 54 car parking spaces. The property is available for immediate occupation.

With deals completed last year by Barmston Developments – a subsidiary of Leeds based Wilton Developments – on both Unit 3 and Unit 4 and work well underway on Unit 1 which is being developed for USL, Unit 2 concludes the 300,000 sq ft Enterprise 36 scheme.

The scheme is being supported by Barnsley Council’s Enterprising Barnsley investment team and its BMBC Property Investment Fund.

Jason Stowe managing director of Wilton Developments, said: “We are delighted to complete the sale of Unit 2 at Enterprise 36, confirming the successful outcome of all four plots at the scheme.

“The speed with which these prime units have been acquired reinforces our strategy of well specified good quality units in strong locations.”

Mike Baugh, senior director at CBRE Leeds, said: “We are pleased to have concluded the sale and to be acting as joint agents to bring to market the final unit at Enterprise 36.

“The scheme offers prospective occupiers the unique opportunity to create a space designed to meet their bespoke needs.

“With the supply of high quality, well located units within South Yorkshire in high demand, we anticipate high interest in this remaining unit to let.”