South Yorkshire-based developer EV Waddington is building a new 36,000 sq ft industrial and trade scheme in Barnsley to help meet a severe shortage of accommodation.
The Oval, at Dearne Valley Parkway, features seven units, two of which are already under offer with agents Knight Frank in Sheffield. The much-needed speculative development is aimed at industrial, warehouse and trade occupiers and is expected to be completed in August this year, creating 138 full time jobs.
Developer Tony Waddington, who has already brought forward a number of schemes including Northfield Business Park in Rotherham, Vantage Park in Sheffield and Shortwood Business Park in Barnsley, said: “This project is supplying much needed industrial and trade accommodation for the South Yorkshire region. Supporting continued economic growth in South Yorkshire is key and we expect completion later this summer.”
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There are five available units of 4,850 sq ft, which can be combined to offer up to 9,690 sq ft. As a whole, The Oval is expected to generate £46m GVA over the next 10 years.
Rebecca Schofield, partner at the Sheffield office of Knight Frank, which is marketing The Oval, said: “EV Waddington has managed to deliver a much needed speculative development of sub 10,000 sq ft addressing the lack of commercial property offer of this size across the region.”
Coun Robert Frost, cabinet spokesperson for regeneration and culture at Barnsley, said: “We are delighted that EV Waddington continue to have great confidence in Barnsley as an excellent location to develop speculatively. This will be the third time they have invested in the borough, and their previous developments at Shortwood Business Park proved a great success, attracting expanding local and new businesses to the area, creating many new jobs. Our award-winning Enterprising Barnsley investment team will continue to provide a range of comprehensive support to future occupiers.”
The surrounding area is home to industrial and commercial occupiers including Motor Depot, Esco, Talurit, Evri, Green King, Taco Bell, Costa, Starbucks and McDonalds.
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