Sheffield industrial estate sold for £17m

The 463,000 sq ft Tinsley Industrial Estate in the Lower Don Valley area of the city and will soon be in receipt of a planned £1m-worth of investment of continued refurbishment.

The estate had already received significant investment recently to common areas including new estate signage, resurfacing of estate roads, improved lighting and upgraded 24 hour CCTV.

New owners Paloma, based in London, wil spend the £1m to refurbish vacant accommodation.

Jeremy Collin, director at Paloma Capital, said: “We are pleased with the acquisition of Tinsley Industrial Estate and look forward to continuing with the investment to build on the success of what the previous landlords had started.

“We intend to invest more than £1m in upgrades and refurbishments over the next 12 months to continue to attract high quality occupiers to the estate.

The Sheffield office of Knight Frank represents the landlord and is marketing the vacant 32,000 sq ft and 8,000 sq ft units. It has recently secured the 40,000 sq ft letting to national karting centre Go Karting for Fun and a 12,000 sq ft letting to Eadie Industries Limited on the estate.

These lettings follow plastics manufacturer Mocap expanding into 32,000 sq ft on the site, and the relocation of Denton Motors from Bramall Lane.