Orchard Street lets 20,000 sq ft warehouse in Leeds16th October 2013

Orchard Street Investment Management, the specialist commercial property investment manager, has let a 20,000 sq. ft warehouse on a ten year lease at Gildersome Spur Industrial Estate in Leeds to Arc Building Solutions, a manufacturer of specialist building insulation products. The letting was completed on behalf of St. James’s Place Wealth Management.

Arc Building Solutions, which has relocated from its existing premises in Bradford, will join current tenants that include Alliance Disposables, Neovia, DHL and Yodel.

Gildersome Spur Industrial Estate is the largest single owned industrial estate in Leeds comprising 470,000 sq ft in total. The estate is strategically positioned adjacent to Junction 27 of the M62 / M621 Motorway providing superb access to both Leeds City Centre and the national motorway network.

Richard Walters, Associate Partner at Orchard Street, said: “Following the completion of a comprehensive refurbishment in 2012, we have let over 70,000 sq ft of space to several new occupiers in the past 18 months. We are confident of securing more new tenants as activity in the local occupier market continues to improve.”

Paul Mack, Associate Director at DTZ, said: “The quality of the refurbishment programme carried out at Gildersome Spur Industrial Estate is paying dividends with yet another transaction secured. Arc Building Solutions wanted to upgrade from their existing facility and Gildersome Spur provided the perfect solution. We now have only 3 buildings left available at Gildersome Spur and given the current levels of interest we hope to make further announcements on new tenants in the very near future.”

DTZ and Carter Towler are joint letting agents for the estate.