Employment park boss hails deals with three companies
A HAT-TRICK of deals has been completed at an employment park on the outskirts of Wakefield.
Three new Yorkshire firms are moving into Flanshaw Way, close to Junction 40 of the M1, which is owned by Yorkshire property company Frank Marshall Estates.
The Bradford-based developer bought the four-acre site from Flanshaw Property for £1.3m last year.
The three companies are LJB, an engineering parts distributor, Valour Automotive, a car parts distributor and high-end surface finishers and plasterers, Stucco & Stucco.
Together the three companies have taken 7,300 sq ft of quality industrial and office space.
Edward Marshall, director of Frank Marshall Estates, said the three deals were “a resounding endorsement of what Flanshaw
Way has to offer”. He added: “When we bought this land, we promised to create the best business park that Wakefield has ever had,” he said.
“We are now delivering on that promise. Apart from these three completed deals, we have another six units under offer, which is remarkable, given the challenges the Yorkshire commercial property sector faces with Covid-19.
“It is clear that there is a massive pent-up demand in West Yorkshire for high-quality buildings of 10,000 sq ft and under in great locations.
“We are proud to be the leading developer in the region for this specific market. We are also delighted to welcome these three new, successful companies to our estate.
“We favour quality, local businesses as tenants, as we enjoy dealing with people who love their business as much as we love ours.”
Flanshaw Way is being developed in two phases. The first includes 49,200 sq ft of quality industrial and office space, including a seven-unit Nano Park. The second phase could include a further 30,000 sq ft in either a single building or more small units.
Small units are favoured as the demand for them in the first phase has been so strong. The first phase of the development of the 37,300 sq ft Flanshaw Business Park and the 11,900 sq ft Flanshaw Nano Park will be completed in June.
“This is a tremendously exciting project which will bring much-needed employment and business space to the Wakefield area,” said Mr Marshall. The park will provide 200 new and sustainable jobs.