12th February 2015
In the press... Property firm expands Yorkshire portfolio
www.thebusinessdesk.com 18.2.15 by Rachel Covill Business Correspondent
INDUSTRIAL property owner and asset manager In-site Property Solutions continues to expand its portfolio across the Yorkshire region.
The Bramham-based company has just completed its latest acquisition, the purchase of an industrial/distribution facility at Wood Lane in Rothwell which was formerly home to Wincanton distribution.
The 29,500 sq ft property occupies a self-contained plot with a secure concrete yard. The units offer a dock level loading door, several roller shutter doors and a useful 6,000 sq ft canopy and loading area.
In-site will re-clad and refurbish the property which can be used as a single unit or be split to offer occupiers 10,000 or 20,000 sq ft units. Work on the site should be completed by the end of February/early March but the units are available immediately.
The development at Wood Lane follows the acquisition and refurbishment of the Prince George Trading Estate in Pontefract which has now been converted from a single building to a multi-occupancy trading estate. Prince George Trading estate has units ranging from 1,000 to 30,000 sq ft which are also already available to let.
A series of improvements have been undertaken at Pottery Lane in Chesterfield, another recent acquisition made by In-site. This is an established multi-let trading estate which currently has industrial, showroom and small workshop space available.
In-site has also acquired a multi-tenanted, high-yielding investment near Glasgow; obtained permission for 75 dwellings in Haddington, East Lothian; and obtained outline consent for 45 dwellings in Doncaster.
Langleys Solicitors acted on behalf on In-site on all English deals.
Head of commercial property at Langleys, Tim Cross, said: "In-site continues to acquire sites to develop and add value to throughout Yorkshire and the North of England. It’s a family business with decades of experience in industrial property management and has the ability to act quickly and move with a good proposition."
Alex Boyle, managing director at In-site said: "In-site remains on the acquisition trail and following some imminent capital receipts will look to reinvest funds. 2014-2015 is set to be In-site’s best ever year and what is exciting is that we have built a stable platform to enable future growth. We have also recently made some improvements to the asset management team, meaning we are well resourced to tackle further acquisitions."