New logistics scheme for Sheffield

By Liza Helps Property Editor Logistics Matters

RULA DEVELOPMENTS has secured a 10-acre site close to Junctions 33 and 34 of the M1 motorway in Sheffield with plans to deliver up to 230,000 ft2 of new, state-of-the-art industrial/logistics accommodation.

Existing occupier, Tinsley Bridge Group (TBG) has completed a sale and leaseback of its 62,000 sq ft factory and headquarters building which has been sold to Moorfield.  TBG plans to vacate its old factory and remainder of the site in 2025, making way for redevelopment.  

Rula will submit a planning application in the first quarter of 2024 but is yet to determine building plot sizes subject to demand.  

Rula Developments Development Director Anthony Clitheroe said: “The requirement for high quality, purpose-built industrial accommodation in the region remains high and we plan to develop the plot in line with occupier demand.”

CPP represented Rula on the site acquisition and investment sale and have been retained as agent for the new build alongside Colliers.