Rise in Confidence in Yorkshire’s Commercial Property Market

The latest edition of Lambert Smith Hampton’s Investment Transaction report has shown a rise in confidence in Yorkshire’s Commercial Property market – meaning good news for all of those involved in the sector.

During the third quarter of 2014, investment reached £354.83m; an increase of 91% compared to the previous quarter. This means the 2014 year to date property deals in the commercial property market in Yorkshire reached £1.01bn.

The figures published represent a rise in confidence in the market and in increase in speculative developments in our region. There is also a steady acceleration in the industrial and logistics property market in Yorkshire and Humber, according to property consultant Knight Frank’s latest research, meaning a provision for more quality buildings that will provide businesses in the region with new and better facilities.

At Horncastle, we remain confident about 2015 and are committed to developing the best quality buildings at our trio of developments along the A63/M62 corridor at The Beacon in Hull, Green Park in Newport and Ozone, Howden. The Beacon will soon be fully developed with four office buildings providing over 50,000 sq.ft of grade A office space to Hull and East Yorkshire. Green Park Business Park is currently in its first phase of development, with small Eco Offices of 450 sqft and 900 sqft due April and a large industrial shed of 10,000-20,000 sqft also due April. Both developments are part funded by the European Regional Development Fund 2007-14.

If you are interested in occupying space at one of the aforementioned business parks, or would like more information, please call 01482 631295 or visit www.thehorncastlegroup.co.uk.

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