UK-top 200 Yorkshire law firm Keebles LLP has advised Sheffield Business Park on the sale of one of its development sites to a joint venture between Premcor Estates and Peveril Securities.
Led by Keebles’ Partner Richard Smith, the firm’s commercial property team acted as legal advisors to Sheffield Business Park on the deal which related to development land known as ‘Phase 4 Sheffield Business Park’, a 17.9-acre site fronting onto Sheffield Parkway at Catcliffe. Outline planning permission for the site was granted for research and development, industrial and storage and distribution uses in 2019.
Sheffield Business Park is one of Yorkshire’s largest business parks at over 200 acres and is situated close to the M1 motorway. The park is currently home to over 40 organisations including the University of Sheffield’s Advanced Manufacturing Campus, Boeing Sheffield and Mercure Hotels.
Richard said: “We were delighted to advise on the sale of Phase 4, which is in a prime position fronting Sheffield Parkway and close to the M1.
“It is always rewarding to advise on a deal which will bring further development opportunities to Sheffield, with some high-profile names having been based in the area for some time now.”
Managing director at Sheffield Business Park, Graham Sadler, said: “Phase 4 is one of the last remaining development opportunities on the park which is well placed to serve occupier demand and help drive forward Sheffield City Region’s economic growth.
“We have an excellent working relationship with the commercial property team at Keebles and have utilised their high-quality real estate team for a number of years.”
Rebecca Schofield, partner and head of the Yorkshire industrial team at Knight Frank, acted for Sheffield Business Park, and are retained agents with BNP Paribas on the scheme.
Rebecca Schofield, agent on the site, said: “This site represents the last remaining plot of this size at Sheffield Business Park, easily accessible from Sheffield Parkway with convenient links to the north and south from the M1.
“The site and its development potential will address strong demand for industrial accommodation across the region as well occupiers looking to be close to the Advanced Manufacturing Park.”