Huge strategic South Bank industrial development site hits the market after Abengoa failure
6th July 2017
ONE of the largest strategic employment development sites currently available in the Humber region is now being marketed, as industrial occupancy runs at a record level.
Named Portlink 180 due to its position between Grimsby and Immingham docks, north of the A180, it was purchased by Rula Developments Ltd earlier this year after previous owner, Abengoa, decided not to progress plans for a biofuel plant.
The £290 million proposal had been brought forward in January 2007, with planning permission extended in 2011 for the Stallingborough site, where it is estimated up to 2,000 jobs could be created if opportunities are maximised.
Enjoying enterprise zone status, the 78.5 acre site also forms part of the South Humber Industrial Investment Programme from North East Lincolnshire Council, with the new proposed access road from Moody Lane linking up with Hobson Way, off which it sits.
Duncan Willey, divisional director of PPH Commercial, joint agent with JLL of Leeds, said: “Taking into account the excellent location of the site and the fact that industrial occupancy in North and North East Lincolnshire is currently running at the unprecedented level of 95 per cent, we are expecting a high level of interest.
“The site has been allocated for storage / distribution and light/general industrial uses, so it will appeal to a wide range of businesses. Rula Developments bought the site as a strategic acquisition and will split the land for sale, as well as offering bespoke warehouse or industrial facilities for lease or sale.
“Because the site has Enterprise Zone status, there are enhanced capital allowances for qualifying businesses and grants towards inward investment are also available,” he added.
Rula has been founded by Ben Ward, a former director with Henry Boot Developments.
Key projects so far include delivery of a 500,000 sq ft distribution centre at Markham Vale, by the M1 in Derbyshire; the acquisition and delivery of the former Terry’s Chocolate Works in York for a mixed use scheme incorporating conversion of the Grade Two listed factory to residential apartments; the acquisition and delivery of a 50 acre mixed use scheme in Skipton, North Yorkshire and delivery and sale of 225,000 sq ft specialist automated distribution centre, again at Markham Vale.
News Courtesy: www.humberbusiness.com