£5.5m Sheffield warehouse complex set to create 120 jobs

A £5.5m deal which could see up to 120 new jobs created near Sheffield has been given the green light.

By Sophie Wills

Published 11th Jun 2020, 13:56 BST

Updated 11th Jun 2020, 16:17 BST

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Warehouse developer Tungsten Properties has exchanged unconditional contracts to acquire an 11-acre retail warehouse site at Greenland Road in Darnall from New River Retail.

Tungsten Properties intends to demolish the existing B&Q warehouse and construct a new warehouse totalling 170,000 sq ft with works due to complete by the end of the year.

The remaining 2.5 acres to the northern part of the site will be redeveloped for alternative uses such as fast food, trade counter, and other roadside uses.

The former B&Q in Sheffield which has been acquired by Tungsten Properties for a 160,000 sq ft warehouse.

The former B&Q in Sheffield which has been acquired by Tungsten Properties for a 160,000 sq ft warehouse.

Once completed, depending on the new occupier, it is expected to house between 50 and 120 new jobs for the city.

Greenland Road is located 2.5 miles east of Sheffield city centre and close to the M1 motorway junction 24 and Meadowhall.

The acquisition is the first in Sheffield for Tungsten Properties and follows its recent news of its acquisition of Super B, a warehouse site in Bradford for a 230,000 sq ft new warehouse development.

Ian Dunckley, development director, Tungsten Properties, said: “There is significant demand for warehouse space in Sheffield due to lack of existing and new stock within the market.

Aerial map showing the warehouse development site in Sheffield that Tungsten Properties has acquired.

Aerial map showing the warehouse development site in Sheffield that Tungsten Properties has acquired.

“The location of our latest Yorkshire acquisition is strong and is ideally located close to the M1 motorway.

“Sheffield has the benefit of a strong local workforce, thanks to the local manufacturing and engineering industries

“The demand for ‘Big Box’ accommodation in this area continues, and we have already received interest from potential occupiers.”

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