The unit reached practical completion this month. Credit: via FTI Consulting

Harworth bags AMP deal with Insight

17 October 2024 13:35 Neil Tague Comments (0)

The developer has agreed a 15-year lease with the systems integration firm for a recently completed 73,000 sq ft building at Rotherham’s Advanced Manufacturing Park.

The unit reached practical completion this month and will be used by Insight as a major European solutions integration centre, bringing together a number of operational processes under one roof, including distribution, technology lab services and agile office space.

Situated in Rotherham and Sheffield’s logistics prime pitch, the AMP has seen 200,000 sq ft of industrial & logistics space completed this year as Harworth steps up its drive to divest itself of old stck and build up its grade A holdings.

The site is a major hub for manufacturing in the UK, and home to global businesses such as Boeing and Rolls-Royce, as well as the UK Atomic Energy Authority and McLaren Automotive Composites Technology Centre.

Construction of a new 80,000 sq ft. headquarters for Technicut, a specialist tool cutting manufacturer, is currently on site, with a further 400,000 sq ft of consented developable space available at the AMP.

As highlighted by the £43.7m acquisition of the Catalyst scheme this month, Harworth has a strategy in place to grow its investment portfolio to £900m by the end of 2029 and transition its core investment portfolio to 100% grade A by the end of 2027.

Jonathan Haigh, chief investment officer at Harworth, said: “Insight is a global leader in its field and its decision to choose Harworth’s Advanced Manufacturing Park to support its expansion plans is testament to the quality of space on offer, and appeal of the location.

“The AMP has established itself as an international centre of excellence for advanced manufacturing with its designation as part of the UK Government’s first Investment Zone, and we are proud to have played a role in its creation.

“We continue to focus on delivering high quality Industrial & Logistics schemes across the Midlands and the North of England in undersupplied markets where we are seeing strong demand from a wide range of businesses.”