Catalyst 50% let in Sheffield
JLA Group and Cosentino have taken 109,000 sq ft and 33,600 sq ft respectively at Mirastar’s 285,000 sq ft development prior to practical completion.
Surfaces specialist Cosentino has become the first tenant to sign up to the £60m scheme, which fronts Sheffield Parkway.
The scheme comprises five units and Cosentino, which owns the Silestone, Dekton and Sensa worktop brands, has committed to a 33,608 sq ft unit on the 18-acre site.
JLA Group, which supplies and maintains commercial equipment, including laundry, catering, heating and fire safety equipment, has secured 109,166 sq ft.
Henry Watson, associate at M1 Agency, said: “We are delighted to have exchanged contracts with Cosentino on Unit 3 and JLA Ltd at Unit 1 prior to practical completion.
“Cosentino is a world leader in the production and distribution of engineered and other natural stone surfaces. JLA is a UK market leader in their field. Both are excellent occupiers for this prestigious new prime development.”
Rebecca Schofield, partner and head of the Yorkshire industrial team at Knight Frank, said: “Catalyst offers quality of space, but also the presence and access onto The Parkway, one of Sheffield’s main arterial routes.
“The market continues to show good demand for modern, highly specified and sustainable space for occupiers wanting growth or relocation opportunities, plus the opportunity to tap into excellent labour resources in the region.”
Senior asset manager at Mirastar Rob Brophy added: “Sheffield Catalyst is an important scheme to deliver much needed new industrial warehouse facilities benefiting from excellent ESG credentials and unrivalled prominence and access to the Sheffield Parkway and the M1.
“We’ve received strong occupier demand since commencing on site and it’s great to see the scheme come together as we near completion having successfully pre-let 50% of the scheme.”
Agents Knight Frank, Gent Visick and M1 are marketing the remaining three units of 22,448 sq ft, 28,309 sq ft and 91,923 sq ft. Units at the Catalyst scheme are EPC-rated A.
Investor, developer and asset manager Mirastar committed to a multimillion-pound funding agreement last year to help deliver Catalyst, alongside developers Premcor and Peveril Securities.
Sheffield Parkway has recently undergone a £46m upgrade, widening to three lanes from Junction 33 of the M1 to the Catcliffe Junction.
Industrial occupiers in the area already include Tufnells, Great Bear, University of Sheffield Advanced Manufacturing Research Centre, UK Atomic Energy Authority and the University of Sheffield’s Factory 2050.