News: Expansion at Magna 34

NSM has been appointed by InfraRed Capital Partners to property and asset manage its expanding Magna 34 Business Park in Rotherham.

An industrial scheme at templeborough, NSM will also provide agency services, helping to secure new tenants for the next stage of its multi-million pound development.

Magna 34 Business Park comprises of a mixture of units totalling in excess of 120,000 sq ft, which includes two existing units that are already occupied comprising 47,000 sq ft. A stand-alone 35,000 sq ft new build and a further 40,000 sq ft will be developed as a smaller multi-let industrial scheme, providing units ranging in size from 2,000 to 4,500 sq ft

This is thought to be one of the only small to medium sized speculative industrial developments in the local area to come forwards in 2020, as the only other scheme underway provides in excess of 5,000 sq ft units.

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Helen Gordon, associate director at NSM, said: "Magna 34 is an established business park with a high profile location close to Sheffield and Rotherham, with easy access to the M1. There is a shortage of industrial land and with most developers focusing on larger units, there is significant demand for businesses seeking well-located space for small and medium sized enterprises. As a result, I expect this new development at Magna 34 will be very popular."

Planning has already been secured for the 35,000 sq ft unit and, subject to planning permission being secured for the smaller units, construction work will commence within the next three to six months. It is expected to be a nine month build programme.

Magna 34 is a well-established business park on Sheffield Road close to Junction 34, M1. It is already home to occupiers including Parcelforce, UK Mail and Element Materials Technology Sheffield Ltd.

At Magna 34, LondonMetric recently completed the £13.3m disposal of a large warehouse at a net initial yield of 5.0%. The 152,000 sq ft regional distribution warehouse has been sold to a global investor. The warehouse was acquired in 2014 for £10.3m and is let to the Royal Mail Group (Parcelforce) for a further eight years at a rent of £4.70 psf.

NSM website

Images: NSM

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News: Ambulance offices set to be converted into flats

New plans have been submitted to convert a former Victorian residence and Ambulance offices into flats in the Moorgate area of Rotherham.

The property at Fairfield on Moorgate went up for sale last year. It comprises of two parts. To the northern section is the Old Ambulance Station formally used as a communications building where emergency calls were processed. On the southern side is Fairfield House, a detached period house which has until recently been used as offices by the Yorkshire Ambulance Service.

An application from Sheffield development firm, Jaguar Estates, for the prior notification of proposed demolition of the communications building was approved earlier this year.

Now an application has been submitted for Fairfield House.

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Drawn up by Self Architects, the plans show how the substantial Victorian two storey former residence could be converted into five flats - four two bedroom flats plus a one bedroom flat on the top floor.

The application shows that the Ambulance Control Centre offices closed in March 2018.

Not a listed building but within the Moorgate Conservation Area, the building was the former headquarters of the South Yorkshire Ambulance Service before a merger in 2006. It was the Administration Centre - South Division for the Yorkshire Ambulance Service. The control centre was vacated when new contact centres were created in Wakefield and Rotherham.

The sale followed on from a previous planning application from the Yorkshire Ambulance Service NHS Trust in 2014 which involved replacing the communications building with four new family dwellings. Having been amended, the plans were granted conditionally but never implemented.

Jaguar Estates is a family-run property developer and investor based in Ecclesfield. It is perhaps best known in Rotherham for its commercial developments, such as Magna 34 at Templeborough. Previous residential schemes havee included conversions of former manor houses and derelict and listed buildings, as well as traditional new-build apartments and houses.

Jaguar Estates website

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News: Housing plans back in for Moorgate site

A stalled housing development at the site of a former ambulance communications centre in Rotherham looks set to be kick-started as a planning application is submitted by the property's new owners.

The property at Fairfield on Moorgate went up for sale last year. It comprises of two parts. To the northern section is the Old Ambulance Station formally used as a communications building where emergency calls were processed. On the southern side is Fairfield House, a detached period house which is used as offices by the Yorkshire Ambulance Service.

An application has now been submitted by Sheffield development firm, Jaguar Estates, for the prior notification of proposed demolition of the communications building.

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The sale and demolition follows on from a previous planning application from the Yorkshire Ambulance Service NHS Trust in 2014 which involved replacing the communications building with four new family dwellings. Having been amended, the plans were granted conditionally but never implemented.

Permission to demolish the buildings, which are in the Moorgate Conservation Area, was originally approved in 2011.

The new application, drawn up by Self Architects states that demolition is taking place in order to re-develop the site for residential. It adds: "Permission to demolish was previously granted under planning approval RB2011/1081. The building is a single storey 1970's or 1980's of no architectural merit."

A subsequent application is expected for residential development with associated landscaping on the cleared 0.225 hectare site.

It is not yet clear what will happen to Fairfield House, the substantial Victorian two storey former residence which was the former headquarters of the South Yorkshire Ambulance Service before a merger in 2006. It is currently the Administration Centre - South Division for the Yorkshire Ambulance Service. The control centre was vacated when new contact centres were created in Wakefield and Rotherham.

Jaguar Estates is a family-run property developer and investor based in Ecclesfield. It is perhaps best known in Rotherham for its commercial developments, such as Magna 34 at Templeborough. Previous residential schemes havee included conversions of former manor houses and derelict and listed buildings, as well as traditional new-build apartments and houses.

Jaguar Estates website

Images: BNP Paribas Real Estate

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News: Magna 34 development approved

Plans have been approved for a large scale speculative development at Templeborough, a year after initial plans were refused by Rotherham Council.

A planning application was resubmitted last year to enable new commercial units to come forward on remaining plots at the popular Magna 34 site.

The first phase of works at the £31m Business Park were completed in 2008 where Sheffield-based joint venture partners, Loxley Land and Property and Jaguar Estates, predicted it would eventually create around 600 jobs for the region.

The 19 acre park located off Junction 34 of the M1 is on the historic site of the former steelworks, and before that, a Roman fort.

10,000 sq ft of office and industrial space is currently home to the likes of HS Atec, Grayson Fixings and Sortec Software Development. The massive 152,421 sq ft distribution unit, empty since completion in 2008 was taken by Parcelforce in 2014.

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The latest plans, drawn up by Self Architects for Jaguar Estates, are for three terraced business units and two single units, totalling 38,000 sq ft.

The development plots at Magna 34 are allocated within the Sheffield Enterprise Zone which offers business rates relief worth up to £275,000 to a business over a five-year period.

2016 plans for the site were refused by the planning board in February 2017. The planners consider the site to be on a key gateway into the town and the decision for refusal showed that planners were unhappy with the their design and siting facing Sheffield Road, stating that it would "represent a poor form of development that fails to take the opportunities available for improving the character and quality of the area."

The updated plans went to planning board last week and members voted unanimously to approve the application.

Nigel Hancock, assistant planning manager at Rotherham Council, explained: "We had no issue with the principle of the development but we were concerned that the buildings that were being proposed were not suitable for what we consider to be a gateway site into the town. It didn't reflect the quality of the buildings that have been erected in the immediate vicinity over the last few years.

"We were concerned that the last proposal would have been a backward step in the regeneration of the area, despite the jobs it would create, and we were seeking to get better quality development on what we consider to be a prominent site."

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The design of the buildings facing Sheffield Road have been updated. Before, they were just designed as industrial sheds with no architectural merit. The new design is still for industrial sheds but it does now include an element of brickwork, different types of cladding materials and glazing panels to the side.

In 2004, Euro Dismantling Services and developer Jaguar Estates were appointed by Corus (now Tata Steel) as joint developers for the former Mayer Parry and Rolling Mills sites on Sheffield Road.

Jaguar Estates website

Images: Jaguar Estates / Self Architects

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News: Plans back in for speculative development

Plans have been resubmitted for large scale speculative development at Templeborough, after initial plans were refused by Rotherham Council.

The first phase of works at the £31m Magna 34 Business Park were completed in 2008 where Sheffield-based joint venture partners, Loxley Land and Property and Jaguar Estates, predicted it would eventually create around 600 jobs for the region.

The 19 acre park located off Junction 34 of the M1 is on the historic site of the former steelworks and before that, a Roman fort.

10,000 sq ft of office and industrial space is home to the likes of HS Atec, Grayson Fixings and Sortec Software Development. The massive 152,421 sq ft distribution unit, empty since completion in 2008 was taken by Parcelforce in 2014 and later bought by LondonMetric Property Plc in a £10.3m deal.

Now a planning application has been resubmitted to enable new commercial units to come forward on remaining plots at the site.

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Having gained planning approval in 2007, the site benefits from further consent for 40,000 sq ft of industrial use and 10,000 sq ft of office use. The latest plans, drawn up by Self Architects for Jaguar Estates, are for three terraced business units and two single units.

Totalling 38,000 sq ft, the plans have been submitted with no end user in mind. Instead, the units can be subdivided with use classes including B1 (c) - Light industrial, B2 - General industrial and B8 - Storage or distribution.

The development plots at Magna 34 are allocated within the Sheffield Enterprise Zone, which offers business rates relief worth up to £275,000 to a business over a five-year period.

2016 plans for the site were refused by the planning board in February. The decision for refusal showed that planners were unhappy with the their design and siting facing Sheffield Road, stating that it would "represent a poor form of development that fails to take the opportunities available for improving the character and quality of the area."

In 2004, Euro Dismantling Services and developer Jaguar Estates were appointed by Corus (now Tata Steel) as joint developers for the former Mayer Parry and Rolling Mills sites on Sheffield Road.

Jaguar Estates website

Images: Jaguar Estates

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News: Signs of speculative development at Magna 34

Plans for further commercial units in Rotherham have been submitted, signalling a return of speculative development at Templeborough.

The first phase of works at the £31m Magna 34 Business Park were completed in 2008 where Sheffield-based joint venture partners, Loxley Land and Property and Jaguar Estates, predicted it would eventually create around 600 jobs for the region.

The 19 acre park located off Junction 34 of the M1 is on the historic site of the former steelworks and before that, a Roman fort. 10,000 sq ft of office and industrial space is home to the likes of HS Atec, Grayson Fixings and Sortec Software Development. The massive 152,421 sq ft distribution unit, empty since completion in 2008 was taken by Parcelforce in 2014 and later bought by LondonMetric Property Plc in a £10.3m deal.

Now a planning application has been submitted to enable new commercial units to come forward on remaining plots at the site.

Having gained planning approval in 2007, the site benefits from further consent for 40,000 sq ft of industrial use and 10,000 sq ft of office use. However, the current proposals are to replace previously proposed uses on the northern part of the site, with around 26,000 sq ft of industrial use.

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The speculative development will be eligible for B1(c) light industrial, B2 general industrial & B8 storage or distribution and at this stage it is not known who the end users of the different units will be or indeed how many staff will be employed.

The plans, drawn up by Self Architects, show an indicative layout of two buildings which could be subdivided into four units immediately to the west of the first phase, with three buildings to the north between the first phase and RiDO's Fusion business centre, which have the potential to be split into nine units.

The development plots at Magna 34 are allocated within the Sheffield Enterprise Zone, which offers business rates relief worth up to £275,000 to a business over a five-year period.

With GVA and Knight Frank as agents, units have been available on a pre-let or pre-sale basis with consideration given to land sales.

At nearby Tinsley, Rotherham-based developer, E V Waddington Ltd, specialist in brownfield development, continues to successfully bring speculative developments to the market at the completed Vantage Park.

In 2004, Euro Dismantling Services and developer Jaguar Estates were appointed by Corus (now Tata Steel) as joint developers for the former Mayer Parry and Rolling Mills sites on Sheffield Road in Templeborough, Rotherham.

EDS undertook large scale decontamination, groundworks break out and land remediation to create development plots on the sites and following remediation, EDS established Loxley Land and Property to take the schemes forward.

EDS encountered financial problems in 2013 and the decontamination, access & insulation and nuclear trading divisions were acquired by OCS in 2014.

Jaguar Estates website
Loxley Land and Property website

Images: Loxley Land and Property

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News: LondonMetric wrap up deal for Rotherham Parcelforce depot

Property investors, LondonMetric Property Plc, has snapped up the massive new Parcelforce distribution centre in Rotherham in a £10.3m deal.

The UK real estate investment trust (REIT) is listed on the London Stock Exchange and invests across the UK in retail and distribution properties as well as Greater London real estate opportunities.

Royal Mail Group's express parcels business, Parcelforce Worldwide, opened its new depot in Rotherham at the end of 2013. The UK and International parcel delivery service took over the 152,421 sq ft distribution unit at the Magna 34 development at Templeborough that had been empty since it was completed by JF Finnegan in 2008.

The new depot is part of a UK-wide £75m expansion programme which is expected to create up to around 115 jobs in Rotherham over the next three years. The Rotherham operation currently employs around 110 people but this is expected to increase to up to around 225 people over the next three years as the number of parcels the company handles increases.

The massive unit now includes a jet wash facility, new ramps and fencing and new access doors and has the capacity to hold up to 141 vehicles and handle up to thirty thousand parcels a day. It is about seven times the floor space of the previous site on Parkgate Business Park.

The property is the largest parcel distribution centre in the country outside of Parcelforce's main Coventry hub. Around 12,000 parcel movements are made per day on average, peaking at 25,000 per day in busy periods. Currently, Parcelforce only utilise 80% of the warehouse which will be fully occupied within two to three years to keep pace with the rapidly expanding home delivery market.

Parcelforce has taken a 15-year lease and paying around £650,000 per annum with fixed rental uplifts of 1.75% per annum compound in 2018 and 2023.

Sheffield agents, Commercial Property Partners (CPP), had been advertising the investment opportunity with a guide price of in excess of £9.8m and LondonMetic said that the £10.3m deal represents a net initial yield of 6.0%.

JF Finnegan was represented by Commercial Property Partners as agent and DLA Piper as lawyer, with CBRE acting as agent for LondonMetric.

Andrew Jones, chief executive of LondonMetric, said: "[We are] extremely pleased to have secured our second Royal Mail distribution centre. This will further strengthen our relationship with them as well as delivering a long, strong and growing income."

Roger Haworth, partner at Commercial Property Partners, added: "This deal is a great result in the current market where there is strong demand for prime, long-let distribution assets with fixed uplifts, let to good covenants. The high profile nature of Royal Mail, which was listed on the London Stock Exchange in October 2013, coupled with the quality of build, proved key in attracting investor interest."

The Templeborough property fits into the portfolio of the trust in that they operate an occupier-led approach with an asset focus on properties with enduring occupier appeal providing opportunities to improve both rental values and the security and longevity of income; and limited risk redevelopments with the aim of enhancing shareholder returns.

Created in a merger between London & Stamford Property plc and Metric Property Investments plc, the trust reported a profit of £125.3m for the year ending March 31 2014.

Andrew Jones, added: "The last six months has seen a dramatic change in the UK property market particularly for assets outside the south-east. We have seen liquidity return to the vast majority of the UK market for the first time since 2007 and strong secondary assets outperforming prime real estate, a trend we expect to continue.

"As yields on prime real estate head towards record lows there is an increasing acceptance that yield compression is a button that can't be pushed forever. Conversely strong secondary assets continue to offer higher sustainable income returns and with an improving economic outlook and little new development, will also begin to deliver real income growth.

"Our focus on out-of-town retail and distribution has not only simplified the business but created a portfolio of good quality real estate with strong occupier appeal and desirable income characteristics, as well as laying the foundations for income growth."

LondonMetric website

Images: CPP

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News: OCS acquires business and assets of EDS

OCS, the UK-based total facilities management provider with global revenues of £840m, has acquired certain business and assets of Euro Dismantling Services, EDS Plant Solutions and EDS Group Holdings from Joint Administrators at BDO.

The acquired business units are subsidiaries of Silverdell plc and comprise the Decontamination, Access & Insulation and Nuclear trading divisions operated by EDS. It is unclear what will happen to the construction and property development divisions which have played a significant part in the regeneration of the site of the former Templeborough Rolling Mills in Rotherham.

Silverdell encountered financial problems when a subsidiary went into administration in summer 2013. Shares were suspended from AIM in July and cancelled on 2 January 2014. When the shares were suspended in July, Silverdell Plc was valued at over £40m.

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In December, turnaround investor Rcapital acquired the company's £16m debt and OCS said that it was made aware of the opportunity on 23 December and worked over Christmas to undertake due diligence and close the deal. Financial terms were not disclosed.

In 2004, Euro Dismantling Services and developer Jaguar Estates were appointed by Corus (now Tata Steel) as joint developers for the former Mayer Parry and Rolling Mills sites on Sheffield Road in Templeborough, Rotherham.

EDS undertook large scale decontamination, groundworks break out and land remediation to create development plots on the sites. It resulted in the successful Magna 34 development that is now home to Royal Mail, HS Atec and Grayson Fixings.

Following remediation, EDS established Loxley Land and Property to take the schemes forward.

Silverdell acquired Sheffield-based EDS in 2012 for £18m. Its founder, Andrew McGee has since established the WRD Group which took over the waste processing site at Templeborough last year after previous operators, Sterecycle went in administration.

Silverdell website

Images: EDS Group

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News: Jaguar Estates sell final speculative unit

Jaguar Estates has confirmed the sale of the last remaining speculative industrial unit at Magna 34 Business Park in Rotherham to HS Atec, a supplier to bus, truck and trailer repairers.

The company is relocating its Sheffield base by purchasing the 6,100 sq ft unit through their pension scheme. HS Atec join existing occupiers Graysons Fixings, UK Mail and Carillion Home Services at the Templeborough development.

Patrick Herbert of Jaguar Estates said: "We are really pleased to have sold the last unit especially to a business that is growing despite the recession. We are now looking forward to attracting companies who require bespoke facilities building to complete the site."

Neil Fattorini, managing director of HS Atec: "HS Atec was looking to relocate their expanding Sheffield branch into a new modern unit giving fast access to its primary customer base in the Rotherham, Sheffield and Dearne Valley area and this landmark location and quality build fits the bill perfectly."

The company carries over 10,000 part numbers at five branches and has in excess of 50 vehicles delivering parts and consumables to customers from a current stock exceeding £1m in value.

Rob Oliver of GVA, brokered the deal.

Magna 34 is a 19 acre business park offering a mix of high quality office accommodation, industrial units and a 151,716 sq ft distribution facility.

Development plots, which could benefit from business rate relief as part of the Sheffield city region enterprise zone, are available for new units up to around 25,000 sq ft on a design and build basis. Marketing agents are GVA and Knight Frank.

HS Atec website

Magna 34 website

Images: Jaguar Estates

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News: UK Mail relocate in Rotherham

The UK's largest independent parcels, mail and logistics services company, UK Mail Group PLC, has relocated across Rotherham to the Magna 34 Business Park in Templeborough.

UK Mail has relocated their South Yorkshire operation from Hellaby and has signed a ten year lease for a brand new 27,232sq ft industrial unit at the development by Jaguar Estates and Loxley Land and Property.

GVA and Knight Frank represented the developers and UK Mail Group PLC was unrepresented. Terms of the deal were undisclosed.

With a national network of more than 50 sites and 3,500 vehicles, UK Mail Group handles around three billion items from over 2,000 customers every year, constituting 17 per cent of all addressed mail within the UK and making it the busiest alternative to Royal Mail.

Paul Hutchinson, Property Manager for UK Mail Group PLC, said: "We now have around 80 employees in our South Yorkshire operation and had outgrown our existing facility.

"Due to the nature of our business, we need quick and direct connectivity to the motorways and the ability to access multiple routes should one be affected by traffic. Magna 34 provides this in addition to offering the flexibility to tailor and fit-out the unit to our exact specifications.

"We look forward to continuing to provide an excellent service to our broad customer base which extends across Sheffield and Doncaster."

Rebecca Schofield, Associate at Knight Frank's Sheffield office added: "UK Mail Group PLC conducted an extensive search for a new facility and due to their delivery requirements, accessibility to all motorway networks was a primary factor. Magna 34 stood out in terms of both location and quality of the facility itself as the natural choice."

UK Mail Group's unit is the largest of eight industrial units which were completed as part of Phase 1 of the scheme, of which just one unit of 6,200sq ft now remains available for occupancy. A total of 10,000sq ft of BREEAM "Good" rated office space was also developed over two buildings, the first of which is fully occupied whilst the second has secured lettings to three national organisations since fit-out was completed last year. A limited number of serviced office suites which can accommodate between 2 and 15 people are available.

Additionally in Phase 1, the development partners teamed up with JF Finnegan to deliver a 151,716sq ft distribution unit for which interest is being invited.

Patrick Herbert of Jaguar Estates said: "With just one small and one large industrial unit left and limited office availability, Phase 1 has been an incredible success and we will now be looking ahead to Phase 2."

Plans for Phase 2 of Magna 34 include design and build opportunities for office accommodation from 2,000sq ft to 20,000sq ft and industrial units from 2,500sq ft up to 40,000sq ft.

UK Mail website
Magna 34 website

Images: Jaguar Estates

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News: First tenant for Magna 34 in Rotherham

Magna 34 Business Park has secured its first industrial occupier just weeks after phase 1 of the Rotherham regeneration scheme was completed. Grayson (GB) Ltd has purchased 7,500sq ft of industrial accommodation over 3 units for an undisclosed sum. Grayson represented themselves and GVA Grimley, joint agents on Magna 34 with Knight Frank, secured the deal for the Magna 34. Grayson (GB) Ltd supplies fixings, fasteners and consumables to the construction industry and local authorities across the UK. This established business is relocating from leased accommodation at Centurian Business Park in Rotherham and will be fully operational at their new Magna 34 units by the first quarter of 2009. Clare Spivey, Graysons General Manager, said; "Grayson (GB) Ltd is a start-up business and in the two years it has been trading has experienced rapid growth in a challenging market. In line with our recent expansion plans, we have been looking for accommodation to purchase which can accommodate the growing product lines and staff numbers. Therefore we were not only looking for high quality, well positioned workable space but also a good investment opportunity. Magna 34 met all our criteria and we are looking forward to continued business success in our new location." Eldon Stevens, Property Manager for Loxley and Property joint venture developer on Magna 34 with Jaguar Estates, continues; "We have always been sure of the success of Magna 34 as an office and industrial location and this early deal confirms that our initial confidence was justified. The property industry is experiencing challenging times but deals such as this prove that if you have high quality stock in the right location at the right price, there will always be a requirement."
Grayson website

Magna34 website
Rotherham

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News: Phase 1 complete at Magna 34 Business Park

The first phase of works is now complete at the £31m Magna 34 Business Park in Rotherham and it is expected to create around 600 jobs for the region. Joint venture partners Loxley Land and Property and Jaguar Estates have unveiled the first phase of office and industrial accommodation, all of which is ready for immediate occupation, at the 19 acre park located off Junction 34 of the M1 at Templeborough. Phase 1 encompasses 10,000sq ft of Grade A, BREAM ‘Good’ rated contemporary office accommodation and a 151,716sq ft distribution unit for which the Magna 34 development partners have teamed up with JF Finnegans to deliver. Phase 2 of the development will incorporate further office and industrial units, in addition to design and build opportunities, ranging from 806sq ft up to around 40,000sq ft. Property Manager for Loxley Land and Property, Eldon Stevens, said: "We are incredibly proud to unveil this first phase of office and industrial space. Our development agenda was to capitalise on the site’s strategic location and create a business park that could accommodate a range of office and industrial occupiers." Patrick Herbert of Jaguar Estates added: "Magna 34 has transformed the approach to Rotherham from the M1 and our commitment to developing high quality accommodation can be seen with this first phase. The office offering is sleek and contemporary and the serviced option delivers the flexibility potential occupiers are increasingly seeking."

Magna 34 website
Rotherham

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News: Magna 34 brings total transformation for rolling mill site in Rotherham

Adjacent to the Magna Centre in Rotherham, the first phase of a brand new £31 million business park has reached completion and is pulling in buyers and tenants. The Magna 34 Business Park has transformed the site of the former Templeborough Rolling Mill creating a 19 acre development of offices, industrial units and a distribution facility for buy or lease. To mark the completion of phase one, developers Jaguar Estates, Euro Dismantling Services and scheme contractor JF Finnegan, joined VIP guests including the deputy mayor and mayoress of Rotherham councilor Shaukat Ali and Wajida Naseem and Rotherham United FC manager Mark Robins and assistant manager John Breckin at a special launch party. Patrick Herbert of Jaguar Estates, said: "The development represents a massive transformation for the area both physically and psychologically. The site was totally derelict when we purchased it. Since achieving planning consent for the scheme in November 2006 a number of other projects have taken place in the area and we feel that what we were intending to do and have performed has been a catalyst for development in close proximity due to its well served location. There is now a completely new focus to the area and a vibrancy and urgency to be a part of that." Rebecca Schofield from the Sheffield office of Knight Frank which is marketing the scheme with GVA Grimley and M3, said: "The flexible terms and variety of properties and sizes on offer are attracting interest from investors and occupiers looking to take advantage of the site's strategic location. We have seen businesses ranging from financial services to IT opting for the offices, trade occupiers taking the more traditional industrial units with logistics companies looking at the biggest distribution facility. "The majority of occupier interest is from companies already within five miles of the scheme, looking to expand, consolidate, or to move from older inefficient or redundant premises." Construction of phase two of the scheme will follow shortly.
Magna 34 website
Rotherham

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News: Magna 34 Business Park open day

Jaguar Estates are hosting an open day on Friday September 19th at their Magna 34 Business Park at Templeborough, Rotherham. Beginning at 11:45, the open day will involve speeches and tour of the facilities. The £31 million joint development between Jaguar Estates and EDS has created 90,000 sq ft of office accommodation, over 100,000 sq ft of industrial and a distribution unit of 160,000 sq ft. Rental prices are expected to start from £16,000 p.a for industrial units and start from £9,000 p.a for office units.
Jaguar Estates website

Rotherham

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News: Rotherham development highlights niche in property market

The Yorkshire Post reports that decommissioning specialist, Euro Decommissioning Services (EDS), has established a property division to take advantage of a niche in the property market. Loxley Land and Property (LLP) will be headed by Eldon Stevens, the former development director of Velocity Estates in Sheffield, as it looks to take advantage of the current market conditions. EDS specialises in working on high risk sites and over the past few years, the company has taken a new direction into cleaning up post-demolition land for redevelopment. One such site is the site of the former rolling mill at Templeborough in Rotherham which has been transformed into the Magna 34 Business Park. The £31 million joint development with Jaguar Estates saw the developers manage the whole process of the development, from demolition, remediation, planning, securing an Objective One grant of £2.7m and managing the build contract. Patrick Herbert of Jaguar Estates recently told The Chamber: "The site was known for the old rolling mill which was a local landmark and this has been replaced with a range of offices and industrial and a large distribution warehouse which provides a significant statement itself. The scheme will create a huge physical and economic impact for the area, greatly enhancing the corridor between the M1 motorway and Rotherham town centre. We expect around 600 jobs to be created once the development is complete."
Magna 34 website
Yorkshire Post article
The Business Desk article

Property Mall article

Sheffield Telegraph article
Chamber website
Rotherham

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News: Business park development continues on site of former Rotherham steelworks

Building work has begun on the Magna 34 Business Park, situated on the site of the former Corus steelworks at Templeborough in Rotherham. The park will include a mixture of modern, purpose-built and designed offices, light industrial units and a distribution centre situated on the major gateway of Sheffield Road near to the M1. Magna 34 is a joint project between Jaguar Estates and Sheffield-based Euro Dismantling Services (EDS) and is designed to appeal to all sizes of business. The first units are due to be ready for occupation this summer. Rob Oliver of agents GVA Grimley discussed the high level of interest in the Yorkshire Post: "The majority of occupier interest is from companies already within five miles of the scheme, looking to expand, consolidate, or to move from older inefficient or redundant premises."

Jaguar Estates website

Yorkshire Post article

The Star article

Rotherham

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