Yorkshire’s freehold industrial market shows improvement after duo of sales for DTZ

DTZ has just completed a duo of large freehold sales to two Yorkshire businesses.

DTZ has completed the freehold sales of Avro House on Lancaster Close, Sherburn-in-Elmet and Unit 2 Focus Business Park, Yeadon to two Yorkshire-based businesses.

PapaKata Limited, which is a tent and marquee hire service, purchased the 13, 200 sq ft Avro House on Lancaster Close, Sherburn-in-Elmet , after seeing continued growth in trading performances. The company will relocate from Acaster Malbis to Sherburn-in-Elmet.

Renaissance, the window accessories manufacturer, has also purchased Unit 2, approximately 17,500 sq ft, at the Focus Business Park in Yeadon. The Yeadon-based company, established in 1975, bought the freehold of the modern detached building in March 2015.

Scott Morrison, senior surveyor in DTZ’s Industrial Logistics and Distribution team, said: “Both of these freehold transactions demonstrate the improvement in the regional freehold industrial market which has benefited from the increased availability of bank funding. We continue to see strong demand for well-presented freehold industrial premises as regional occupiers look to take advantage of the availability of debt finance and improving trading conditions.”

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