Decco commits to 47,000 sq ft at Leeds Valley Park

A six-unit industrial development of 300,000 sq ft owned by Greater Manchester Pension Fund is 40% full following the deal at Savannah Way, Stourton.

The development at Leeds Valley Park was forward-sold to GMPF, advised by Catella APAM, with Yorkshire powerhouse Caddick’s development business and construction arm delivering the project.

Carter Towler, CBRE and Avison Young are joint agents at the scheme, which was completed in late 2023.

Carter Towler industrial agency associate director Hazel Cooper said: “We are absolutely delighted that Leeds Valley Park is now 40% let. It is an excellent and much needed addition to the region’s mid-box warehouse and distribution property market.

“It has been constructed to a very high quality by Caddick and we are already having advanced conversations with interested parties on the remaining units and will hopefully be able to announce the third letting soon.”

Carter Towler negotiated a 15-year lease deal with hardware distributor Decco for 47,000 sq ft, where the firm will expand its local operations.

Decco was represented by Knight Frank.

The deal follows the disposal of 70,000 sq ft at unit 2.

Rob Oliver, principal at Avison Young added: “These six new units are in a fantastic position located just minutes from the M1’s Junction 44 and Junction 7 of the M621. The remaining units range in size from 25,746 to 60,950 sq ft and have been rated as BREEAM Very Good reflecting the energy and environmental considerations that have been taken into account.”