75 jobs set to be created in Leeds following major commercial property deal

CBRE Global Investors has acquired three units totalling 119,500 sq ft from CDP Marshall at the 62 Leeds logistics hub.

The acquisition includes the 42,000 sq ft Unit 5 which is let to Johnsons Apparelmaster Ltd for 15 years, along with the 57,500 sq ft Unit 6 and the 20,000 sq ft Unit 7 which are both under construction and scheduled for completion in September. The two new units have the potential to create up to 75 jobs, depending on the occupier.

62 Leeds is an industrial and warehouse development on Geldard Road by Junction 27 of the M62.

The development’s occupiers include Lidl, Unitrunk, Johnsons Dry Cleaners and Turners Accident Repair Centres.

CBRE Global Investors was advised by Carrick Real Estate and the joint agency team of CBRE and Carter Towler represented CDP Marshall in the transaction.

Sophie Angus, Associate Director at CBRE in Leeds, said; “CBRE GI’s acquisition at 62 Leeds reflects the strength and confidence in the regional industrial and logistics market and prime detached warehouse units such as these are in very short supply.

“As such, the new units becoming available in September will be extremely well received by the occupier market.”

It’s the latest in a number of deals involving CBRE in the Yorkshire market.

Earlier this week, CBRE revealed it had completed the sale of the Clarendon Quarter in Leeds.

Mike Gorman, Head of CBRE’s Northern Development and Residential team, said; “This is an incredible result in the most uncertain times and demonstrates the resilience of the residential sector.

“CBRE has sold £100m of build-to-rent stock into the Leeds market alone this year, signifying exciting times for the Northern residential market.”

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