Carter Towler is delighted to announce that the construction of 9 industrial units at Velocity Point on Armley Road has completed on schedule.
The new business park which is located on the 13 acre site previously occupied by Premier Farnell, has been developed by Tungsten Properties with forward funding provided by UBS Asset Management’s Real Estate & Private Markets on behalf of Triton Property Fund LP.
Commenting on the development Hazel Cooper said: “It’s exciting to see this much needed new industrial park reaching completion. We have already received a lot of interest from potential occupiers and have placed 8,000 sq ft under offer, to an exciting business that is keen to take advantage of the great location and superb ESG provisions.”
Jonathan Ufton, Investment Manager at UBS Asset Management, added: “These units have been developed with a range of business uses in mind including logistics, warehousing and storage, manufacturing and engineering. Leeds has a very buoyant industrial market and it’s great to have this new industrial stock to offer.”
The 9 units range from 3,500 – 108,500 sq. ft and have been built to the highest building standards with the construction team aiming to achieve a Building Research Establishment Environmental Assessment Methodology (BREEAM) ‘excellent’ rating. The innovative design of the scheme includes features that ensure the units are eco-efficient, cost-effective to run and contribute positively to employee health and wellbeing.
Carter Towler, CBRE and Savills are joint marketing agents for Velocity Point.