The Leeds office of global property consultancy Knight Frank has concluded a significant deal at the Lowfields Industrial Estate in Elland, West Yorkshire, on behalf of Citivale and investment fund managers TH Real Estate.
This week Knight Frank completed the letting of a 15,130 sq ft industrial warehouse to Exertis UK, one of Europe’s largest and fastest growing technology distribution and specialist providers.
Exertis are paying £5.50 per sq ft on a five-year term. The company already occupies the adjacent 38,000 sq ft warehouse unit.
Tom Lamb of Knight Frank’s Leeds office said: “This is a great deal, underlining how well Exertis are doing and how much they value being at Lowfields. It is also excellent news for the Calderdale economy, underlining the popularity of one of its most popular industrial parks.
“Lowfields is a tremendous success story. The rents are holding up exceptionally well in comparison to other industrial estates in West Yorkshire, underlining the exceptional quality of the units on site. It also helps that Lowfields is superbly located just off Junction 24 of the M62.
“Consequently it benefits from the immediate links to the motorway network. It is also very well-placed for both Leeds and Manchester and has excellent access to both the East and West Coast ports,” said Mr Lamb.
Tim Holmes, commercial manager of Exertis, said: “Exertis Supplies is a distributor to the office products industry across the UK. Having been on Lowfields for many years we saw the opportunity two years ago to expand our business into new areas.
“This adjacent unit has given us the opportunity to continue grow and expand over the coming years. Knight Frank and Citivale worked with us to meet our objectives and allowed us to make alterations that will help us adapt the unit for our needs.”