25,000 sq ft letting secured at Leeds Valley Park
Catella APAM acted as asset manager for the Greater Manchester Pension Fund on the 10-year lease, which will see a food ingredient specialist take the industrial warehouse space to enhance its production and logistics capabilities.
Joint agents Carter Towler, Avison Young, and CBRE handled the letting for GMPF, while the tenant was represented by GV&Co.
A rate for the space was not given, with a statement simply saying the lease was ‘secured at a market-leading rate for industrial space in West Yorkshire.’
Leeds Valley Park was constructed by Caddick Construction, with Caddick Developments now acting as development manager for the 300,000 sq ft scheme, which was funded by GMPF.
Completed in December 2023, the park comprises six units ranging from 25,000 sq ft to 70,000 sq ft.
Hardware distributor Decco recently committed to 47,000 sq ft at the industrial hub.
Adam Handley, asset manager at Catella APAM, commented: “The rent achieved reflects the property’s exceptional specification and strategic location, and we are confident that this partnership will drive mutual success.”
Josh Holmes, director at Carter Towler, noted: “We are delighted to have concluded the letting of Unit 4, enhancing an already very strong tenant line-up.
“The modern specification of the units has been very well received in the market; we had several interested parties and selected this occupier as we felt they were a great fit for the estate.”
