Falconer Print and Packaging Limited are expanding their operations into Unit H5 Premier Way, a modern 15,000 sq ft detached warehouse unit on the Lowfields Business Park in Elland, near Leeds.
The asset, which is managed by York-based Citivale, and owned by a Nuveen segregated mandate, was formerly occupied by Exertis until December of last year.
The Yorkshire industrial and logistics team at global property consultancy Knight Frank secured a long-term lease deal on behalf of the landlord.
Richard Martin, MD of Falconer Print, said: “We have been looking for a new site since lockdown. With demand outstripping supply, it has been very difficult to find somewhere that meets the needs of the business, especially as the main focus was retaining our highly skilled and loyal workforce. The second site here on Lowfields is the perfect solution.”
Rebecca Farnsworth of Citivale added: “We are delighted to welcome Falconer Print and Packaging to the Estate. The unit was competitively sought after, underlining the current strength of the occupier market and lack of alternative options. The unit was let following a refurbishment with minimal void.”
Iain McPhail, partner in the industrial and logistics team at Knight Frank, Yorkshire, who brokered the letting, said: “This is an ideal solution for Falconer Print and Packaging, as they already have a base at Lowfields Business Park. This deal allows them to grow their operations in the local area.”
