Sheffield logistical development attracts “impressive” line-up of tenants

Aver, a joint venture between NFU Mutual and Ergo Real Estate, has let 87 per cent of the floor area at Ergo Park in Sheffield to an “impressive” line-up of tenants, including Argos/Sainsburys, Tesla and the world’s largest package delivery company.

The development, which reached Practical Completion at the end of October 2022, spans 11 acres totalling 191,500 sq ft of prime industrial logistics space. Prominently located, Ergo Park is adjacent to the Drakehouse and Crystal Peaks Retail Parks at Waterthorpe in Sheffield. The scheme has been delivered by Total Developments.

Ergo Park is the latest in a number of prime warehouse developments by Aver, taking the company’s total portfolio to over 1.1 million sq ft and is a testament to its research-led approach to investment, which enables Ergo to target specific locations and opportunities in the logistics sector.

Leigh Burnett, asset manager, Ergo Real Estate, commented: “Our JV with NFU Mutual has resulted in the delivery of ‘best in class’ in the logistics sector, which is evident in the high calibre of tenants we have attracted to Ergo Park prior to Practical Completion.”

Rebecca Schofield, head of the Yorkshire industrial team at Knight Frank in Sheffield, which acted with M1 Agency to let the units, added: “This is an impressive take up with three units taken and one left demonstrating the demand for this type of build and accommodation in the region.

“Occupiers are drawn by the easy access to the motorway and Sheffield city centre but also the great local amenities and public transport links.”

By Matthew Neville – Senior Correspondent, Bdaily

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