Tuesday, July 26, 2016

News: AMPlify on the AMP

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Developers, Harworth Estates are preparing for the next commercial development at the Advanced Manufacturing Park (AMP) in Rotherham - AMPlify, 460,000 sq ft of space at the UK's centre of excellence for advanced manufacturing.

The developers are transforming a reclaimed former industrial site at Waverley into a thriving new 740 acre development which includes the AMP - dubbed "the elite "Mayfair" address for advanced manufacturing."

Industrial space on the AMP is in high demand. Harworth's Evolution development - a 87,500 sq ft development that was then fully-let - sold for £7.2m in 2012. Since then, the first phase of the R-evolution development was brought forward, securing occupiers X-Cel Superturn, Maher, Nikken Kosakusho Europe and Metalysis.

The second phase, which includes a further 73,000 sq ft of space and was approved in April, has interest from an international company involved in advanced manufacturing.

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Harworth has spent the past 18 months preparing development platforms for future occupiers on an adjacent 25 acres of land. AMPlify has the potential to deliver 465,000 sq ft of new employment space. This includes plots for units ranging from 25,000 sq ft to circa 200,000 sq. ft and will build on the award-winning scheme's success by offering Design & Build opportunities aimed at high-value advanced manufacturers and their supply chains.

Buildings will be made available to occupy by way of freehold or leasehold interest and Harworth will also consider freehold sales of plots of serviced land between 1 and 25 acres in size to owner occupiers.

David Travis, associate director of business space at Harworth Estates, said: "AMPlify will offer some of the best design and build opportunities throughout Yorkshire and our decision to proceed with the development of new space at our adjacent R-evolution scheme will naturally support the expansion of some of the country's leading high-value companies.

"We look forward to welcoming further occupiers to the AMP, emphasising its place as a key commercial development within the Northern Powerhouse."

The scheme will be marketed by jointly appointed agents Knight Frank and Gent Visick and the site is located within an Enterprise Zone.

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There are nearly 1,000 people employed at the AMP, with the potential for over 2,000 new jobs to be created through further development.

Harworth Estates, which is based on its own flagship Waverley development, is a specialist in brownfield regeneration. It recently secured a further £2.5m loan for further development at the AMP from the Sheffield City Region's Joint European Support for Sustainable Investment in City Areas (JESSICA) Fund. It is the last of the round of ERDF supported funds that support infrastructure works and the construction of premises.

Harworth Estates website

Images: Harworth Estates

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