Key players sign Advanced Manufacturing Park leases

By Gareth Dennison | 06/03/2018

Key players sign Advanced Manufacturing Park leases

BRITISH Steel and an audio speaker maker are the latest firms to sign leases at the Advanced Manufacturing Park.

It means all units have been filled at the second phase of the R-evolution units on the hi-tech business park, which was completed last year.

British Steel has taken a 15-year lease on 15,000ft sq of space, while Spendor Audio Systems will move into 26,000ft sq on a deal of the same length.

Ian Ball, executive director of income generation at landowners Harworth, said: “I’m delighted that we have let all of our remaining vacant units at the AMP.

“These lettings justify why we speculatively developed this space over the past 18 months whilst also emphasising the market’s continued confidence in our product.”

Work has already started on a third phase of R-evolution comprising 55,750 sq ft. 

Contractor JF Finnegan is expected to complete the build in September.

Harworth business space director David Travis said: “I am confident that we’ll be able to secure further occupiers of the same ilk as Spendor and British Steel, supporting the future success of the AMP.”

A third deal, for Motor Depot to move into Harworth’s Gateway 36 in Barnsley, means a total income increase of £650,000 per annum for the landowner.

Rebecca Schofield, partner at letting agent Knight Frank, said: “The AMP continues to go from strength to strength. It is now widely recognised as the leading manufacturing park in the UK.

“Following the announcement of Harworth’s third phase of R-evolution, we are already seeing good levels of early interest in potential pre-lets of several units.”
 


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