Paloma Capital to expand York North industrial
Planning permission has been secured by the investor to deliver four units totalling 34,400 sq ft at the established business park, close to Clifton Moor on the outskirts of York.
The scheme is now offering design and build opportunities for units ranging from 4,000 sq ft up to 15,400 sq ft.
Formerly known as Green Park Business Centre, the 122,000 sq ft asset was acquired by Paloma Capital in 2022 and subsequently rebranded as York North.
Located on Goose Lane in Sutton-on-the-Forest, the multi-let site is 10 minutes from the York Outer Ring Road.
Paloma said it is also committing considerable investment to upgrade existing premises on the estate, including the complete refurbishment of a standalone 12,500 sq ft unit with secure yard which is available to let.
Jeremy Thiagarajah, director for asset management and investment at Paloma Capital said: “This site fits well with our acquisition strategy for investing in well-located sites in under supplied areas.
“Whilst we have already committed to a major refurbishment programme of existing accommodation, the provision of four new state of the art units will help to fulfil current demand for purpose-designed, last mile logistics space where occupiers can influence the design.”
The Leeds offices of Carter Towler and JLL are instructed as joint agents.
Paloma Capital is a private equity real estate investor established in 2015 and wholly owned by its founding partners Joe Froud and Jack Pitman.
Paloma has raised around £640m of wholly discretionary capital from investors in Europe, the Middle East and North America, which is used to pursue targeted, niche UK investment strategies, frequently focused on smaller and multi-let assets.
The firm’s investments also include Parkway One Business Centre and Tinsley Industrial Estate in Sheffield, Dearne Mills Distribution Park in Barnsley, Marrtree Business Park Bradford, and Greens Industrial Estate in Wakefield.
Paloma also owns The Bourse office building in Leeds and Victoria Retail Park in Halifax.
The estate is on Goose Lane. Credit: via French PR
