Work Underway On £60M Industrial and Warehousing Scheme

Construction work has begun on a £60m industrial and warehousing development in South Yorkshire.

The steelwork frames have now been erected at Catalyst at Sheffield Business Park, with practical completion set for March 2023.

Catalyst will comprise five units of 22,354 to 108,237 sq ft on an 18-acre site just off the M1. The scheme expected to create about 500 jobs.

Agents Knight Frank, Gent Visick and M1 are marketing the units, which will be suitable for warehouse and distribution, general industrial and manufacturing and front directly onto Sheffield Parkway.

Investor, developer and asset manager Mirastar committed to a multimillion-pound funding agreement earlier this year to help bring forward the scheme at Sheffield Business Park, alongside developers Premcor and Peveril Securities.

Rebecca Schofield, partner and head of the Yorkshire industrial team at Knight Frank, said: “The market requirements are showing strong demand for modern, highly specified and sustainable space and Catalyst will certainly meet those needs.

“Fronting Sheffield Parkway, it is in prime position to satisfy a wide range of occupiers.

“It offers an advantageous location, adjacent to the main arterial route from the M1, for occupiers wanting growth or relocation opportunities, plus the opportunity to tap into excellent labour resources in the region.”

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Article by Stephen Farrell, Senior Digital Staff Writer, insider Media Limited