Harworth expands space at AMP
Harworth Group, which specialises in the regeneration of former coalfield and other brownfield sites, has built six new units, totalling 52,068 sq ft, as part of its expansion of the Advanced Manufacturing Park in Waverley, Rotherham.
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Hide AdHarworth said its investment was driven by demand for space from manufacturers wanting to be close to the University of Sheffield’s Advanced Manufacturing Research Centre (AMRC).
JF Finnegan began building the units in September 2016. They range from 4,966 sq ft to 26,107 sq ft and have been designed with advanced manufacturers in mind. They are available for immediate leasehold occupation.
Construction was funded with a £2.5m loan from the Sheffield City Region (SCR) Joint European Support for Sustainable Investment in City Areas (JESSICA) Fund.
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Hide AdThe new units – a scheme of two terraces across three acres – forms part of phase two of ‘R-evolution @ The AMP’. The first phase – 52,000 sq ft of space built in 2014 – is fully occupied, with occupiers including X-Cel Superturn and Metalysis.
The Advanced Manufacturing Park is home to businesses that provide world-class technology solutions for use in precision industries including aerospace, defence, construction, automotive, sport and others. Occupiers include Boeing, Rolls Royce, Castings Technology International (CTI), Dormer Tools and Sandvik Coromant.
The business park is part of Waverley – Yorkshire’s largest ever brownfield mixed-use development at 740 acres, where over one million sq ft of employment space and more than 650 homes have already been built and occupied.
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Hide AdDavid Travis, director of business space at Harworth Group, said: “We’re delighted with the quality of all six completed units and I want to express my continued thanks to both JF Finnegan and our appointed project team for another job well done.
“We are now actively promoting these units for immediate leasehold occupation to advanced manufacturing and engineering companies wanting to be in close proximity to the University of Sheffield’s Advanced Manufacturing Research Centre and the other high-value occupants of the AMP.”
The scheme will be marketed by jointly appointed agents Knight Frank and Gent Visick. Tom Swallow, senior surveyor at Knight Frank’s Sheffield office, added: “We are witnessing good levels of demand from occupiers looking for space on the Advanced Manufacturing Park.”
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Hide AdHe added: “With one of the units already under offer, we are confident that the scheme will prove successful given the lack of existing available space in the market.”
William Church, director of CBRE Capital Advisors and fund manager for SCR JESSICA, added: “The provision of such space is fundamentally important infrastructure for the economic growth of the region given limited existing supply; supporting this growth is the purpose of the Fund.”
The SCR JESSICA Fund, which is made up of the European Regional Development Fund (ERDF) and Growing Places capital, aims to provide funding for regeneration projects at competitive commercial rates where funding might otherwise prove challenging in the current markets.