Regeneration specialist, St Paul’s Developments is targeting major occupiers after gaining Enterprise Zone status for 29 acres of development ready land at Smithy Wood.
The site, close to Junction 35 of the M1, is one of the largest of the nine strategic sites on the Sheffield City Region Local Enterprise Partnership’s economic growth corridor that have been awarded the Enterprise Zone status.
It could accommodate up to 500,000 sq ft of bespoke developments.
David Newton, managing director of Rotherham-based St Paul’s Developments, said: “With nearly all 165,000 sq ft in Phases One and Two occupied and increasing confidence returning to the market, it is an opportune time to launch the final 29 acres.
“The second half of last year saw some of the larger industrial units in the region taken off the market by occupiers such as Marks & Spencer and this has resulted in a potential future shortage of sites that can accommodate single units in excess of 300,000 sq ft.
“This is where Smithy Wood comes into its own as with 29 acres of land ready for development, we have the capacity and capabilities to accommodate a broad spectrum of operations from data centres to offices or large warehousing/industrial units.
“To be able to offer such significant EZ benefits to interested occupiers is a huge advantage and will hopefully aid our continued goal of attracting more occupiers, investment and jobs into the region.”
Rebecca Schofield, partner at the Sheffield office of property consultancy Knight Frank, added: “The recent awarding of EZ status is a superb benefit. Availability of ‘oven ready’ sites such as Smithy Wood is becoming limited and occupiers with large requirements will be keen to secure the best available sites.’’ Knight Frank are joint agents for the Smithy Wood site, with Fowler Sandford.