West Yorkshire industrial scheme changes hands

24 July 2019

West Yorkshire industrial scheme changes hands

A West Yorkshire industrial scheme has been sold by a joint venture between Kier Property and Maple Grove Developments.

Tri-Link140 in Normanton has been bought by Huntingdonshire District Council for an undisclosed sum.

The development sits on a six-acre site and was developed by Kier Property, the development division of Kier Group, in a JV with Maple Grove Developments and its partner Yorvale.

Tri-Link140 comprises 142,338 sq ft of industrial and distribution space and is located a one minute drive from J31 of the M62.

It also includes two storey office accommodation, 13 dock level loading doors and 160 parking spaces; all within the centre of Wakefield's Europort giving direct access to the Europort Freight Terminal.

Tom Gilman Kier Property's managing director for the North, said: "Selling this scheme to Huntingdon District Council demonstrates our ability to offer quality products to the market with a long-term investment angle.  This strategy continues to promote our ethos as a leading UK trader developer."

Huntingdonshire District Council added: "The Tri-Link 140 acquisition forms part of the District Council's Commercial Investment Strategy and Business Plan. The primary aim of the strategy is to generate an income stream that supports and secures the delivery of Council services into the future."

JLL represented the vendors and Huntingdonshire District Council was represented by DTRE.