ITM Power agrees 83,000 sq ft prelet at PLP Bessemer Park

The manufacturer of hydrogen generation systems will add a second unit to its existing 134,000 sq ft facility at the industrial park next to Meadowhall shopping centre in Rotherham.

The second phase is under construction at PLP Bessemer Park, with completion targeted from October 2023. The remaining available units range from 94,175 sq ft to 292,445 sq ft. The first phase completed in October 2019.

Established in 2015, PLP is a specialist UK logistics and industrial property business. The full-service platform develops, manages and owns prime-grade UK logistics real estate with in-house management expertise across acquisitions, development, leasing and asset management.

PLP is owned by Ivanhoé Cambridge, Macquarie Asset Management, Peel L&P and its senior management team.

Hugh Chesterton, development director of PLP: “We are really pleased to see the first occupier commitment to our second phase of development at PLP Bessemer Park. It is rewarding to see an occupier at the vanguard of the green hydrogen and renewal energy sector expanding further within the wider development.”

Accessed from J34 of the M1, the site is a four-minute drive to Meadowhall shopping centre and Meadowhall Interchange Rail Station.

PLP said the scheme will achieve carbon net zero status and, as with all PLP speculatively developed properties, will adhere to the UK Green Building Council’s Net Zero Buildings Framework.

PLP’s carbon net zero strategy combines CNZ construction with CNZ ready design, to enable future occupiers to achieve CNZ operation by utilising built-in renewable energy features and procuring appropriate renewable energy supplies. This includes the use of solar photovoltaic panels, air-source heating and cooling, LED lighting and electric vehicle charging points.

Richard Saul, UK head of asset management for Ivanhoé Cambridge, said: “Seeing an existing customer expand within your portfolio is always gratifying. Even more so one who is so closely aligned with our partners’ sustainability goals. The continued partnership with ITM includes a number of green lease clauses which we believe will become the norm as the market adapts to more closely align developers, owners and their customers.”

Knight Frank, Moriarty & Co and CBRE represented PLP. ITM Power was represented by CPRE.

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