Friday, March 19, 2010

News: Only two plots remain at Brookfields Park

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Brookfields Park, the last remaining development site on the Manvers enterprise zone in Rotherham, South Yorkshire is almost full with only two plots remaining.

The 85 acre former colliery site was designated EZ status in 1995, along with five others across the Dearne Valley. Although its status expired in 2005, the site's owners, South Yorkshire-based developer St Paul's Developments and its funding partner Tritax Assets, protected the EZ financial advantages until April 2011.

The development, which is being marketed by the Yorkshire offices of LSH and joint agent Knight Frank, has already been hailed as a huge success for the region, securing over 1,800 jobs with the potential for a further 300.

Around 1.6 million sq ft of space has been built on the 85-acre park with high profile occupiers including Next Plc, Maplin Electronics, Garnett Dickinson and, most recently, Pegler Yorkshire Group.

The remaining two sites, set over nine acres, provide the opportunity for a further 180,000 sq ft of bespoke office, industrial or warehouse accommodation.

David Newton of St Paul's Developments said: "The site has witnessed an amazing transformation since we acquired it back in 2005. Its extended EZ status has encouraged inward investment to the area and enabled development projects to proceed, which otherwise may not have proved commercially viable in the current economic climate.

"In addition to the unrivalled financial incentives on offer, the development also benefits from excellent transport connections, and a comparatively cheap and skilled labour supply, making Brookfields Park one of the most desirable and cost effective locations in the UK."

Ed Norris of LSH's Sheffield office added: "2009 was a year of significant progress for Brookfields Park, with Pegler Yorkshire Group’s decision to build its new £7m warehouse facility representing one of only three pre-lets across the entire region.

"The development has provided a considerable boost to the local and regional economy, and we would encourage any business considering relocating to take advantage of the substantial benefits of the extended EZ status before it is too late. In these tough times, every little helps."

St Paul's Developments website


Images: St Paul's Developments

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