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10/10/2024
Paloma Capital Begins £1.25m Refurbishment At York North Business Park
Paloma Capital has begun a major refurbishment of a key section of its well-established business and logistics park on the outskirts of York.
The site, now rebranded as York North (previously Green Park Business Centre), is undergoing a £1.25 million upgrade. The project includes a full renovation of a 12,508 sq ft standalone industrial unit, complete with integrated office space, a secure yard and ample parking.
Leeds based JP Wild Ltd has been appointed to carry out the refurbishment works to include an internal strip out and full refurbishment of the warehouse space, offices and kitchen/WC areas. Full mechanical and electrical services replacement is also being undertaken as well as external works to the building's façade, roof, yard space, fencing, and drainage. Practical completion is expected by 01 November.
The works are part of a site-wide refurbishment plan by Paloma Capital. Since acquiring the site in 2022 the London based investor has made a considerable investment to significantly upgrade accommodation as well as deliver new purpose designed trade units. It recently secured planning consent for four new industrial/warehouse units totalling 34,400 sq ft. The scheme is now offering design and build opportunities for units ranging from 4,000 sq ft up to 15,400 sq ft.
Jeremy Thiagarajah, Director for Asset Management and Investment at Paloma Capital said: "We are pleased to start works to refurbish a large part of the estate to deliver more modern state of the art space for prospective occupiers. York North is already well recognised for its locational benefits and our sustainable approach to repurposing existing space will certainly deliver against undersupply for industrial and warehousing space in this area."
Located on Goose Lane in Sutton-on-the-forest, York North is strategically located just ten minutes from the York Outer Ring Road and close to Clifton Moor. The long established, multi-let site benefits from strong regional connectivity, close to the A59 leading directly to J47 of the A1(M) and wider motorway network. York City Centre is just 8.6 miles away and amenities are close by at Clifton Moor and Monks Cross Shopping Park.
Representing agents are the Leeds offices of Carter Towler and JLL.
The site, now rebranded as York North (previously Green Park Business Centre), is undergoing a £1.25 million upgrade. The project includes a full renovation of a 12,508 sq ft standalone industrial unit, complete with integrated office space, a secure yard and ample parking.
Leeds based JP Wild Ltd has been appointed to carry out the refurbishment works to include an internal strip out and full refurbishment of the warehouse space, offices and kitchen/WC areas. Full mechanical and electrical services replacement is also being undertaken as well as external works to the building's façade, roof, yard space, fencing, and drainage. Practical completion is expected by 01 November.
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The works are part of a site-wide refurbishment plan by Paloma Capital. Since acquiring the site in 2022 the London based investor has made a considerable investment to significantly upgrade accommodation as well as deliver new purpose designed trade units. It recently secured planning consent for four new industrial/warehouse units totalling 34,400 sq ft. The scheme is now offering design and build opportunities for units ranging from 4,000 sq ft up to 15,400 sq ft.
Jeremy Thiagarajah, Director for Asset Management and Investment at Paloma Capital said: "We are pleased to start works to refurbish a large part of the estate to deliver more modern state of the art space for prospective occupiers. York North is already well recognised for its locational benefits and our sustainable approach to repurposing existing space will certainly deliver against undersupply for industrial and warehousing space in this area."
Located on Goose Lane in Sutton-on-the-forest, York North is strategically located just ten minutes from the York Outer Ring Road and close to Clifton Moor. The long established, multi-let site benefits from strong regional connectivity, close to the A59 leading directly to J47 of the A1(M) and wider motorway network. York City Centre is just 8.6 miles away and amenities are close by at Clifton Moor and Monks Cross Shopping Park.
Representing agents are the Leeds offices of Carter Towler and JLL.
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