HAT-TRICK OF DEALS PROVES HULL’S INDUSTRIAL PROPERTY SECTOR IS STRONGEST IT’S BEEN FOR DECADES

HAT-TRICK OF DEALS PROVES HULL’S INDUSTRIAL PROPERTY SECTOR IS STRONGEST IT’S BEEN FOR DECADES

In recent weeks, PPH have secured new owners of the former Joinery Depot premises, on Amsterdam Road, and let the old Post Office depot on nearby Malmo Road.

Both deals follow on from the sale of another factory on the Sutton Fields Industrial Estate, which was successfully marketed for £1.35m in September. 

All three premises will be open at the start of the new year, which means more than 90,000sqft of industrial space will soon be back in full occupation.

Speaking about the hat-trick of disposals, Ben Medhurst said: “All three of these sizeable transactions confirm the ongoing strength of Hull’s industrial property market, which is the strongest it’s been for decades, as demand continues to exceed supply.

“As a result, we are now seeing some of the lowest levels of available industrial property in the city and wider East Riding region for decades. 

“This is excellent news for Hull – and the people who live and work here – because it’s a positive reflection on the growing strength of the local economy.

“Hopefully, we can continue to help bring new businesses to Hull and the surrounding area for the last few weeks of this year and start 2019 just as strongly.”

The new occupiers of the Sutton Fields sites will create a significant number of new direct and indirect jobs within the city.

Positively, this upward industrial trend is a situation that’s also being reflected throughout Yorkshire and Lincolnshire.

“Our business space agency teams in Hull, Grimsby, Scunthorpe and Doncaster are all reporting strong levels of activity and we don’t expect this trend to slow down soon,” added Ben Medhurst.

“Hopefully, this encouraging growth in the local economy will continue for the foreseeable future because it shows businesses have faith in in this area and the skills of our workforce.”

More...
Trio of lettings completed on Hessle retail units  

Trio of lettings completed on Hessle retail units

12th March, 2024
Learn More  
50,252 sq ft Manufacturing Facility Let to Saxon Quality Foods Ltd  

50,252 sq ft Manufacturing Facility Let to Saxon Quality Foods Ltd

7th February, 2024
Learn More  
Unit 3 Eastgate Park - Let to Screwfix  

Unit 3 Eastgate Park - Let to Screwfix

5th February, 2024
Learn More  
Scunthorpe office relocation  
New Senior Agency Surveyor Role Available  

New Senior Agency Surveyor Role Available

25th January, 2024
Learn More  
£3.7m investment could create 200 jobs boost at new-look Bridlington Business Park  

£3.7m investment could create 200 jobs boost at new-look Bridlington Business Park

15th January, 2024
Learn More  
The steelwork is up  
Ten Years @TheDock  
Welcome to the team Reece & Georgia  

Welcome to the team Reece & Georgia

16th November, 2023
Learn More  
Foundry Bar, Cleethorpes - Now Sold  

Foundry Bar, Cleethorpes - Now Sold

17th October, 2023
Learn More  

Want to find out more? Call us on Hull 01482 648888 Doncaster 01302 341041 Scunthorpe 01724 282278 Grimsby 01472 267513

We use cookies to help personalise and improve your web experience. To learn more click here.