There are hopes for new jobs following the sale of three major industrial units.
Two warehouses at Jubilee Way, Grange Moor, have been bought by leading internet home furnishings retailer Green and Brown while a unit at Bretton Park, Dewsbury, has been acquired by greetings cards business UK Greetings Ltd.
The three units were previously occupied by now-defunct company Traditional Contemporary Bathrooms Ltd and have been sold on behalf of that company’s administrators, accountancy firm EY. The prices paid for the buildings have not been disclosed.
The 50,000sq ft and 30,000sq ft units at Grange Moor are just yards away from Green and Brown’s existing headquarters.
Darren Green, managing director of Green and Brown, said: “Grange Moor is a fabulous location for our expanding company, which is why we have bought one of the warehouses for our own occupation and the other as an investment.”
The massive 204,000sq ft warehouse at Bretton Park has been bought by UK Greetings to add to its existing premises in Dewsbury. A statement by the firm said the acquisition was a “significant” investment which meant all the company’s warehouse and distribution operations would be consolidated on two sites in the town.
It said: “UK Greetings Ltd is the largest employer in the Dewsbury area, with over 1,000 staff split between the Mill Street East head office and Cannon Way warehouse. The opening of the Bretton Park site, which is scheduled for April, 2015, will create further job opportunities in the region.”
In total, UK Greetings employs about 3,800 people in the UK - with sites in Dewsbury, Ossett and Corby as well as field sales teams and merchandisers.
The Yorkshire team at property consultancy Knight Frank and Leeds-based logistics specialist Gent Visick advised on the sale of the three warehouses.
Tom Lamb, industrial property specialist at Knight Frank in Leeds, said: “These are significant deals in a gradually improving market and due to the limitations of stock across the region and the product quality, we saw significant interest in all three of the units.”
Unit 800 at Bretton Park was built in 2008 and comprises a purpose-built single storey steel framed warehouse with three-storey offices on a 10-acre site.
Andrew Gent, of Gent Visick, said that at the time of the sale, the unit was one of only a few available at about 200,000sq ft which meant a number of businesses were willing to consider it as an alternative to developments on sites near motorways.
TC Bathrooms was founded in 1998 and expanded to employ scores of people, but went into administration in 2012 as the recession hit housebuilding and the home improvement market.