News: Rotherham business park becomes fully let

MAGNA 34 Business Park in Rotherham is fully let, with the last of the units having successfully agreed on new 3-year and 5-year leases.

Mileway's 40,200 sq. ft. business park, located on the site of the former steelworks at Templeborough, now has occupiers for the thirteen modern warehouses including DB Automotive, WashCo Ltd, Tyrolit Limited, Check Fire and Keyhole TIG (UK) Pty Ltd.

The development was completed in 2022 having been approved in 2018. Commercial Property Partners (CPP) and Knight Frank (KF) are joint letting agents.

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Chloé Bennett, for CPP, said: “Magna 34 has come to market at the height of demand for warehousing, and its location between Sheffield and Rotherham ensures access to a highly skilled and motivated work force within easy commuting distance.

“We are obviously delighted that Magna 34 is now fully let, testament to the quality of the units of offer and the very favourable location of the scheme - but there is still need for additional stock to satisfy the confirmed demand for space from occupiers.”

Harry Orwin-Allen, for letting agents Knight Frank, added: “Magna 34 is an established business park in a very sought-after location with great access to the M1. We are delighted to have concluded lettings on this scheme and have secured a mix of well-established national and local occupiers.

“Demand remains high across South Yorkshire for new, purpose-built commercial space, particularly for sub-5,000 sq ft units such as the units offered at Magna 34. The Magna 34 scheme has provided much-needed high quality industrial accommodation for the South Yorkshire region, with lettings swiftly achieved to a variety of well-established occupiers, which demonstrates the huge success of the development.”

Mileway website CPP website Knight Frank website

Images: CPP

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News: Speculative Rotherham industrial units proving popular addressing the lack of supply

Rotherham’s latest 40,000 sq ft business park is already attracting occupiers looking for modern warehouse units.

Magna 34 Business Park, which was recently completed having been approved in 2018, offers 13 units ranging from 2,538 to 4,758 sq ft and is proving popular, responding to the continued demand across the region for small industrial and warehouse units.

Grinding and dressing tools manufacturer Tyrolit, welding technology firm K-Tig and Mercedes Benz experts DB Automotive, tool manufacturers Tyrolit and car dealership Trade Centre Yorkshire have already each taken units, with three further units currently under offer, leaving just five units available.

Kitty Hendrick from Knight Frank in Sheffield, which is marketing the development alongside CPP for owners Mileway, said: "Magna 34 Business Park is a brand new industrial development, located off Sheffield Road and Temple Road in Rotherham. The high specification accommodation is in an excellent position, close to Junction 34 M1.

“The speculative units provide modern, industrial space suitable for B8 and B2 use built to a high specification, and we have already had an excellent response in terms of interest with the space suitable for a variety of occupiers addressing the lack of small industrial units available in Sheffield and Rotherham.”

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Features on site include 6m eaves height, fitted office accommodation, three phase electricity, kitchenette and WC facilities and full height, roller shutter loading door access.

Max Pickering from CPP added: “There remains a significant lack of good quality industrial units available which has meant demand for these units has been very high. Occupiers are keen to take space that is modern and suits their needs for the upcoming years. We only have a few units left on the estate showing the success of the development.”

The first phase of works at the £31m Business Park were completed in 2008. Located off Junction 34 of the M1, it was built on the historic site of the former steelworks, and before that, a Roman fort.

Richard Armitage, senior asset manager at Mileway, added: "We've been delighted with the progress we've seen on site at Magna 34 since the scheme practically completed. It really demonstrates the strength of occupier demand for this type of product in the South Yorkshire sub-market and we look forward to completing the final few lettings on site in the coming months."

Mileway website

Images: Knight Frank

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