01/10/2009

A 10-year deal has been agreed at Park 40 in Wakefield after an industrial unit was on the market for just one month.

The new tenant WH2L Limited, a Wakefield-based distribution company, is expanding its business in the area by taking a lease at Unit A Park 40, which fronts Flanshaw Way. The high bay warehouse extends to 61,335 sq ft including two storey offices. 

GVA Grimley brokered the deal on behalf of landlord Royal London Asset Management, Jones Lang LaSalle also advised.

Iain McPhail, principal surveyor in the industrial agency team at GVA Grimley, says: “Park 40 is well located within a stones throw of Junction 40 of the M1 which provides an ideal strategic location for a logistics company such as WH2L. 

“It’s encouraging to see a marked increase in activity in the industrial sector within the last quarter and a deal of this speed and nature adds weight to the general consensus that confidence is starting to return to the marketplace.”

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