A brand new distribution warehouse property at the Trident Park development in Normanton is set to hit the market. The industrial agency team of Knight Frank in Leeds has been given instruction as the sole agents to market the purpose built 52,402 sq ft unit located on Rosie Road, which
The Grandhome Trust is set to build more than 600 houses in Aberdeen after a £7.9 million housing loan provided by the Scottish Government. This is phase one of the Grandhome site which has been given planning permission in principle for a 4,700 home community that will include leisure, retail,
A brand new distribution warehouse property at the Trident Park development in Normanton is set to hit the market. The industrial agency team of Knight Frank in Leeds has been given instruction as the sole agents to market the purpose built 52,402 sq ft unit located on Rosie Road, which is just a mile off Junction 31 on the M62. The site was built for BSS Group and was finished earlier in the year, and is now available to be purchased immediately for either lease or purchase. Partner at Knight Frank in Leeds, Iain McPhail, said that they are pleased to be instructed to advise their client on such a prestigious high-quality, newly-constructed warehouse unit at a prime logistics site. McPhail continued: “We are confident that the building will attract early interest due to the lack of existing options of this size currently in the marketplace, as well as the unique nature of the property which offers an occupier a high-bay warehouse on a generously-sized site. “The property benefits from an excellent specification, including 13-metre eaves height, four loading doors, steel framed canopy, two storey offices and an over-sized service yard extending to approximately 2.35acres, which allows an occupier the flexibility to either further extend the building (subject to planning) or utilise for external storage or HGV parking.” The property is available for immediate occupation on either a freehold or a leasehold basis. Last month, Knight Frank reported a record turnover, although profits took a downturn. Chief executive Alistair Elliot said that expansion in China, India and central London had pushed the firm’s turnover up by 4% in the 12 months to March 31, but pre-tax profits had been hit by a quieter start to this year, dipping from £160.1 million last year to £152.6 million in 2016. “There is no question that the majority of residential and commercial markets were beginning to peak in the autumn of last year,” Mr Elliot said.
The Grandhome Trust is set to build more than 600 houses in Aberdeen after a £7.9 million housing loan provided by the Scottish Government. This is phase one of the Grandhome site which has been given planning permission in principle for a 4,700 home community that will include leisure, retail, commercial and public space. For 2016-17, the Scottish Government’s Housing Infrastructure Fund has up to £50 million of loan and grant funding available to help unlock strategically important housing sites throughout Scotland. This year, Aberdeen City has already had their Affordable Housing Programme allocation pushed up to £10.9 million, which is an increase of 70% on last year. The Housing Infrastructure Fund is also considering other projects from throughout Scotland. Housing Minister Kevin Stewart paid a visit to the Grandhome site and he commented: “I am really pleased the first loan from this important Scottish Government fund is being used to unlock a key housing site. The first phase of 600 homes will include at least 90 affordable homes. “Today’s announcement underlines this Government’s determination to increase the pace and scale of development to deliver more homes. I look forward to further loans and grants being granted to projects across Scotland. “We have listened to our partners and are putting in place measures to support the increase in the supply of homes across all tenures, support jobs in the construction industry, and encourage inclusive growth in the wider economy. “We have committed to deliver 50,000 more affordable homes, with 35,000 available for social rent, over the next five years, backed up with investment of more than £3 billion. Projects such as this one today marks another step on road to delivering that pledge.” Meanwhile, Grandhome Trust trustee, Bruce Smith, said that the new community of Grandhome has been in the planning for over 10 years and the delivery of phase one infrastructure is a key milestone for them.