A duo of lettings spanning across 60,500 sq ft have been signed at Velocity Point in Leeds.
The 13-acre business park was formerly occupied by Premier Farnell. It was redeveloped by Tungsten Properties with forward funding by UBS Asset Management’s Real Estate & Private Markets business on behalf of its core UK diversified vehicle Triton Property Fund.
Garolla, a garage door company, has taken Unit 9, totalling 33,500 sq ft, while window and door hardware supplier Total Hardware will occupy Unit 6, measuring 27,000 sq ft.
The latest deals follow a flurry of lettings at Velocity Park with occupiers signing up to seven of the nine units since completion seven months ago.
Rob Oliver, principal for industrial sales & leasing in Yorkshire at Avison Young, who advised Garolla, said: “Availability of quality units across the region ready for immediate occupation is getting challenging, given the limited amount of current development. It is pleasing to support a manufacturing business looking to upgrade and expand their operation.”
Dani Raunjak, associate director of the Yorkshire and North East industrial and logistics team at CBRE, a joint agent at Velocity Point, said: “Carter Towler, Savills and our team have received considerable interest in the remaining units and look forward to achieving full occupation soon.”
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Image © CBRE
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