Carter Towler has successfully let a large industrial unit at Millshaw Industrial Estate, Elland Road, Leeds to Arctic Hayes, one of the UK’s leading suppliers of heating and plumbing products.
Acting on behalf of the owner of the estate, Schroder Real Estate Investment Trust (‘SREIT’), Carter Towler has agreed a 10 year lease on Unit 9 which is approximately 23,000 sq ft.
Carter Towler’s Hazel Cooper said: “Arctic Hayes has been exceptionally busy over the past few months and is now in need of larger premises. They currently occupy 10,000 sq ft in South Leeds however this move will enable them to considerably increase their capacity. Unit 9 has been extensively refurbished by SREIT, along with several of the other units on the estate, which continues to attract good quality occupiers.”
Located just 0.5 miles from junction 1 of the M621 and three miles from junction 27 of the M62, Millshaw Industrial Estate is one of Leeds’ most established business parks. It was constructed in the 1990s and was purchased by SREIT in 2015. Comprising 27 units ranging in size from 2,683 to 56,440 sq ft, the estates’ tenants include Northern Flags, MPCC, City Sprint and Alliance Healthcare.
Karl Dallimore, managing director of Arctic Hayes added: “The location is perfect for us and the continued investment SREIT has made in the business park has ensured the quality of the units is excellent. We are looking to expand our operations significantly, to double our capacity by the end of 2022 in fact, and this new facility will enable us to do that.”
Schroders Capital Real Estate’s Philip Scott said: “It has been a fantastic team effort with everyone – Carter Towler and our joint agents Knight Frank, the estate’s management team at Hornbeam Property Management and JLL Building Services – all pulling together to get the lease and the property just right for Arctic Hayes. I’m sure they’ll flourish at Millshaw.”
Knight Frank’s Tom Goode said: “This is a popular industrial park because of the fantastic location and the properties being extensively refurbished. It’s been a busy few months with refurbishments and negotiating new lettings with bed manufacturer Harrison Spinks and sustainability company Cenergist as well. We are extremely pleased to have achieved full occupancy now at Millshaw.”