German operator chosen for Doncaster Airport

Stuart Pearcey
-
0
German operator chosen for Doncaster Airport
Munich Airport International has been named as the operator for Doncaster Sheffield Airport. Doncaster Mayor Ros Jones said: “Munich Airport International has the  pedigree in the field of aviation, share our ambition for a successful airport and they bring a wealth of experience, capacity and influence to work with us to deliver a thriving airport in Doncaster that will be a major economic stimulus for Doncaster, South Yorkshire and the North. “The team at FP Airports has worked with us creatively to put together the right solution for DSA and we are confident that the reopening and future operation of Doncaster’s airport is in good hands. “This major announcement that I am making today enables us to press ahead with the necessary airport mobilisation activity to see the airport – which I proudly call the people’s airport – to reopen in Spring 2026. “I would like to thank everyone who has helped to get us to this stage from City of Doncaster cabinet members and officers, our Doncaster MPs, South Yorkshire Leaders, our business community including Doncaster Chamber and of course local people who have supported our efforts to reach this great news today and believed we could do it.” Picture: ID 270306710 © Duncan Cuthbertson

Take-up in West Yorkshire’s industrial and logistics market hits three year high

Tess Egginton
-
0
Take-up in West Yorkshire’s industrial and logistics market hits three year high
A robust year for the industrial and logistics market in West Yorkshire and the Humber saw transactional take-up reach a three-year high of 2.1 million sq ft (units over 50,000 sq ft), according to global property consultancy Knight Frank’s latest Logic Report. This represents a 25% increase from 2023 levels and is reflecting the pre-pandemic 5-year average. Iain McPhail, partner in Knight Frank’s Yorkshire Industrial & Logistics team, said: “Although Q4 was a quieter quarter, with just two transactions totalling 200,000 sq ft, an additional 932,000 sq ft of space was under offer at year-end, boding well for a strong start to 2025.” He continued: “The delivery of new speculative schemes to the region over the past 18 months has played a crucial role in boosting take-up volumes. Five speculatively built units were signed up in 2024—contributing to 23% of the year’s total—compared with just one in 2023. In addition, the return of second-hand space has also provided occupiers with more choice, resulting in a 45% annual uplift in take-up of second-hand space.” Prime rents in Leeds grew by 5.1% in 2024, to £9.20 psf (units 50,000 sq ft+). Prime rents across West Yorkshire and the Humber have grown by 36% over the past three years, driven by the dearth of new, prime units available. While distribution firms accounted for 34% of 2024’s take up, some large transactions by manufacturers boosted their share of the total to 44%, from 25% the previous year. During 2024, manufacturers took 859,000 sq ft of space, up from 407,000 sq ft in 2023 and 262,000 sq ft in 2022. Overall, demand was highest for 50,000 – 100,000 sq ft units, accounting for 10 of the 18 units transacted during the year. Iain said: “2024 has seen industrial and logistics take up in the region return to the pre-pandemic average of around 2 million sq ft (units 50,000 sq ft+). We have seen several large units transact to manufacturers (notably on a freehold basis), including the former Hallmark Cards facility in Bradford (315,000 sq ft), sold to Airedale, and the former Ilke Homes factory (275,000 sq ft) in Knaresborough, acquired by Shepley Spring. “Whilst the distribution (3PL) market continues to transition from the super-charged COVID conditions as well as focus on back-filling ‘grey-space’, there have been a handful of property transactions in this sector during the year. Notably, Oakland International and Campeys of Selby taking two of the three speculative new-build units at Konect 62 in Selby, amounting to around 220,000 sq ft of space. “Prime, new build space has performed well this year with four out of the six speculative mid-box units at Leeds Valley Park either let or under offer, 4th Industrials’ two-unit Interchange 26 development in Cleckheaton is now fully let, and UBS’s Velocity Point scheme in Leeds centre has only one unit remaining.” Meanwhile, the completion of two new best-in-class speculative warehouse units at Baytree Leeds (76,000 sq ft and 145,000 sq ft) just before year end nudged the availability of existing stock up by 3.0% to 4.2 million sq ft (units 50,000 sq ft+) and the vacancy rate up by 10bps to 6.2%. The supply of second-hand space declined 3.3% during Q4. Despite the delivery of new stock and return of second-hand space during 2024, robust take up levels left availability at year-end 2024 roughly on par with the same time last year. In addition to three quick deals completing in Jan 25, it means that there is currently only eight new units available, all of which are under 200,000 sq ft. Mr McPhail continued: “Further to this, just 13 months’ worth of existing supply is now available based on the region’s five-year average annual take up. Development activity has come to a halt for now, with the only two commencements during 2024 now complete and no speculative development underway at year-end. “Take-up is expected to be robust during the opening months of 2025, supported by the considerable volume of space under offer. Combined with a slowdown of second-hand stock, the region’s vacancy rate is likely to edge down in the first half of the year.” Prime rents have now broken the £10psf barrier with the latest 55,000 sq ft deal to complete at Leeds Valley Park to online retailer Wayfair and the latest average rental growth forecasts for Leeds predict 4.1% growth for 2025 and 3.6% growth across the region of Yorkshire & the Humber. Prime industrial yields in Leeds sharpened by 25 basis points (bps) in Q4 to 5.25%, having bottomed out at 5.50% for six consecutive quarters between Q2 2023 and Q3 2024. At 5.25%, prime yields remain 200 bps softer than its previous peak of 3.25% in Q1 2022. Sentiment improved during the second half of 2024, with the base rate reductions providing confidence to investors around pricing and some more aggressive bidding taking place. A significant transaction in the final quarter was Leftfield Capital’s acquisition of Prism Park in Wakefield, from Equation Properties for £32 million. At this level, the price reflected a net initial yield of 5.25%. The park comprises two newly constructed units rated BREEAM ‘Excellent’ and EPC ‘A’ with the larger 150,000 sq ft let to IFCO Systems until 2039 and the 57,000 sq ft unit available. Graham Foxton, Knight Frank partner Leeds Capital Markets, said: “West Yorkshire & the Humber has experienced strong levels of investment activity in 2024, with year-on-year figures showing roughly double the investment volume seen in 2023 at the time of writing. This shows that buyers and sellers are aligning in their pricing expectations, and we expect demand for the industrial sector to continue throughout the region in 2025.”

Lincoln industrial engineers place business in hands of employees

Tess Egginton
-
0
Lincoln industrial engineers place business in hands of employees
Lincoln industrial engineers Castlet Holdings Ltd, who list Siemens, Tata Steel and BAE Systems among their customers, have placed their company’s future in the hands of the employees. On the advice of Sills & Betteridge Corporate Partner Euan McLaughlin, Castlet Holdings Ltd has been sold to an Employee Ownership Trust. Having provided remedial advice on various shareholder issues in the past, Euan proposed to the Board that an EOT was the key to the long-term stability and success of the business – which was already owned by a group of its employees. Euan collaborated with other professionals, including business consultants Mobius Group and regional accountancy practice Wright Vigar, to flesh out the terms of the deal and undertake shareholder engagement. Euan said: “EOTs are a relatively new phenomena which are fast gaining traction as their benefits become more widely understood – tax advantages, succession planning and social responsibility among the key motivators. “They are most suited to business owners who value the future of their company and the people who helped to build it, over an immediate cash sale – and can be an excellent option where a trade sale is either unavailable or unattractive to business owners.”

New AI guidance developed by University of Sheffield to help businesses

Tess Egginton
-
0
New AI guidance developed by University of Sheffield to help businesses
A new framework that could help businesses better understand and use AI has been developed by University of Sheffield researchers. In a paper published in the journal Royal Society Open Science, Dr Denis Newman-Griffis from the University’s Centre for Machine Intelligence outlines the key things that organisations should consider before working with the technology. The framework is designed to be used by anyone and focuses on practical day-to-day applications. It encourages businesses to shift to a problem-first mindset and consider specific goals for using AI. The emergence of generative AI tools such as ChatGPT has seen a rise in consumer use of AI for users across all fields. However, research has shown that although almost three in 10 workers (29 per cent) in the UK are currently using AI at work, almost a quarter (23 per cent) say they don’t feel confident using it. (Opinium). Dr Denis Newman-Griffis, Senior Lecturer in Computer Science and Theme Lead for AI-Enabled Research at the University of Sheffield’s Centre for Machine Intelligence, said: “Businesses and government are increasingly recognising the opportunities that AI could provide, but conversations around AI are still based on understanding its functionality and how it is built, rather than how to fit it into existing wider processes to accomplish goals. “The framework we have developed here in Sheffield highlights the importance of businesses changing how they think about AI: rather than seeing it as an outside innovation they need to adopt to stay competitive, our framework helps them see AI as a toolkit they can use to get better at what they already do. “By starting from what they do and how they do it, and then seeing where AI technologies can be helpful in that picture, businesses can make sure their adoption of AI will make sense for them and help them achieve their goals. Once they have done this, they can work from there on identifying an appropriate technology that fits that purpose, and then integrating it into the way they work.” The Sheffield framework – called AI Thinking – breaks down the process of using AI into five skills of approaching AI in terms of informing specific processes, defining what an AI application is meant to accomplish, comparing and contrasting different options for AI technologies, understanding and choosing between data sources for use with AI, and grounding use of AI in the specific contexts where it will be applied. Dr Denis Newman-Griffis added: “There’s no reason for the in-depth understanding of AI to be restricted solely to those with a degree in computer science. This framework has been developed with a focus on enabling a real-world, application-based perspective of AI to help people in any sector and discipline understand how to implement it into their own teams. “AI Thinking helps teams bring people together and work together effectively, covering the different skills that are needed to bring AI into practice to meet operational and strategic goals. Thinking about AI in this problem-based, context-sensitive way is vital to making practical AI use both effective and ethical.” As the government’s new AI Action Plan sets the course for new growth and investment in AI across the UK, AI Thinking helps show how to turn this into real improvements from applying AI in practice. Dr Newman-Griffis added: “AI Thinking is for anyone: as the government seeks to turbocharge its work through the use of AI, this framework will help chart the path forward to achieving that goal as part of delivering responsible public services.” The AI Thinking concept provides a common ground for users from different backgrounds to understand and use AI effectively and responsibly. This aims to help bridge the gaps between different perspectives on AI and guide its development in fields like education, business, and government.

Kier appointed on historic Adelphi Cinema project in Sheffield

Tess Egginton
-
0
Kier appointed on historic Adelphi Cinema project in Sheffield
Kier has been appointed by Sheffield City Council to restore the Grade II listed Adelphi Cinema and bring it back into public use. Opened in 1920, the Adelphi Cinema was a thriving hub at the heart of the Attercliffe community in Sheffield, keeping people up to date on the latest news and local events during its time as a cinema. The Grade II listed building operated as a cinema for nearly 50 years and survived bomb damage during the Second World War. It closed as a cinema in October 1967, becoming a bingo hall, with the building then operating as a nightclub from 1995 until 2000. In more recent years, the historic building has been used as a storage facility, before falling into disrepair. Purchased by Sheffield City Council in March 2023 using Levelling Up funding, the refurbishment will see the building transformed into a mixed-use cultural space, including facilities suitable for leisure, arts, and music. The Adelphi Cinema project forms part of a wider regeneration of Attercliffe including the building of 1,000 new homes at Attercliffe Waterside and the creation of the National Centre for Child Health Technology at Sheffield’s Olympic Legacy Park. Kier Places, appointed by Sheffield City Council via the YORbuild construction framework, is now taking the first steps to transform the building, whilst retaining some of the original features, including the original art-deco frontage. The first stage of the project will see the building prepared for the transformation work to begin this Spring.
Cllr Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “Today marks a fantastic milestone in the long and storied history of the Adelphi Cinema, a moment when work will begin to bring it back into use for the benefit of the local community once again.
“This building holds a very special place in people’s heart in Attercliffe and rightly so, it was once a focal point. Our ambitions for it will see it return to being that focal point with the community at the heart of this project. The Adelphi Cinema is over a hundred years old and, once this transformation has been completed, will be around for many more years to come.”
Alan Smith, Kier Places area manager (North), said: “We’re delighted to be working with Sheffield City Council on this project, bringing this iconic building back to life. The first phase of the project has started, clearing all the waste out of the building and getting it to a point where the transformation can begin.
“A big part of what we do in Kier Places is about working closely with local communities whilst delivering on our sites. The Adelphi is an exciting project with the potential to have a really positive impact on the area and residents, and we’re looking forward to being part of the building’s new story.”

East Yorkshire tourism bosses launch new visitor economy action plan

Stuart Pearcey
-
0
East Yorkshire tourism bosses launch new visitor economy action plan
Visit Hull and East Yorkshire is aiming to help build a thriving, prosperous visitor economy through the delivery of its dedicated action plan. VHEY is funded by Hull City Council and East Riding of Yorkshire Council, and supported by businesses with a shared ambition for the region to fulfil its potential. It supports 1,700 businesses and more than 21,000 jobs across the region and was nationally accredited by Visit England, the national tourist board, as a Local Visitor Economic Partnership in 2023. Chris Blacksell, Chair of VHEY, said: “Hull and East Yorkshire is a fabulous tourist destination. It has a wonderful city for leisure breaks and hosting conferences, amazing market towns, stunning coastline and countryside, and it’s an incredible producer of fresh food – it has everything you could want in one area. “However, the biggest benefit it has is the people – it has such friendly people. I think it’s the most welcoming place in the country, and we need to capitalise on that. “The economic climate at the moment is challenging, so it’s crucial we support businesses in the area to be as effective and successful as possible, whilst also drawing in more tourists. This new action plan will provide the platform for us to be able to do that.” Joining up the local visitor economy growth priorities and activities with those at a national level has enabled VHEY to set a clear ambition to generate better outcomes for tourists, the environment, local communities and tourism businesses.

Harrogate BID promotes scheme to keep spending local

Stuart Pearcey
-
0
Harrogate BID promotes scheme to keep spending local

Harrogate BID has launched a campaign to encourage member businesses to sign up to the Gift Card scheme in the town, believing it to be a ‘fantastic’ way to lock in spend to boost the local business community and economy.

Since its inception back in 2019, it has helped to secure more than £170,000 of investment into Harrogate’s businesses. Almost 100 businesses are currently signed up for the scheme, with the BID team hoping to increase the amount over the coming months to support the town’s business community.

Bethany Allen, Operations and Projects Executive at Harrogate BID, said: “The popularity of the Harrogate Gift Card is growing year on year and we’re looking to get as many sign ups as we can!

“The initiative really is a great way to keep money within our town’s economy as the cards can only be spent at registered businesses, not online or out of town.

“It encourages potential customers to shop local throughout the year as it can be used in businesses ranging from across all sectors – from bars and restaurants to hair salons, hotels and cafes.”

The BID team organise campaigns across the year to push the purchase of the Gift Card, whether that be promoting the card as that perfect wedding present for the happy couple, or as a top gift to thank that special teacher at the end of the school year.

A digital version of the Gift Card was also launched in October 2024, making it easier and more accessible for users as it can be stored on a mobile phone. Once a digital Gift Card has been purchased it can be accessed via an app, which can then easily be downloaded into your phone’s wallet.

Brewery aims for relocation to grow business

Stuart Pearcey
-
0
Brewery aims for relocation to grow business
Shadowbridge Brewery has plans to move to new premises on Normanby Road in Scunthorpe. The company has applied for a Premises Licence at Unit 15-19 Normanby Park Workshops, where it intends to sell alcohol for on and off sales and operating from 8am to 11pm seven days a week. In addition to alcohol sales, the brewery plans to offer late-night entertainment, including live and recorded music, food trucks and more.

North East Lincolnshire Council announces Interim Chief Exec

Stuart Pearcey
-
0
North East Lincolnshire Council announces Interim Chief Exec
North East Lincolnshire Council’s Appointments Committee has recommended that Sharon Wroot is appointed as Interim Chief Executive, with effect from June 1. As reported, Rob Walsh is stepping down as Chief Executive at the end of May after 11 years at the helm – ending a career in local government that spans more than three decades. Ms Wroot, a qualified accountant, enjoyed a successful career in the private sector before joining North East Lincolnshire Council in 2010. She has since fulfilled a number of senior roles including Chief Finance Officer, Executive Director of Place and Resources, and Deputy Chief Executive. Ms Wroot said: “I take great pride in the work of everyone within this authority who, along with partners and stakeholders across business and the community, have a true focus on the transformation of our place while at the same time improving opportunities for all our residents. “There is much work to do, and it is only by continuing this path that we will achieve lasting positive change.

Allenby Commercial starts work on final phase of Priory Park

Stuart Pearcey
-
0
Allenby Commercial starts work on final phase of Priory Park
Allenby Commercial is starting work on the final phase of Priory Park, next to Hull’s Fruit Market, on land owned by the family business since 2016. The company is close to announcing the occupier for half of the building. Development director Charlie Allenby said the new tenant has been attracted by the location and by the stylish and energy efficient design. He said: “We’ve gone for a modern, European design with Scandinavian style landscaping and solar panels on the roof contributing to an EPC A rating – quite a contrast from the old days when Priory Park was full of railway sidings. “The new tenant is relocating from elsewhere in East Yorkshire and has been looking for premises to match its own profile as a young, creative business. We’re confident their arrival will generate interest from other businesses in the remaining 7,000 sq ft and in the wider 6.5-acre site.” Priory Park opened for business in the early 1990s and was one of Henry Boot Developments’ first strategic joint venture projects as they worked with Network Rail on the transformation of 150 acres of brownfield land. In 2013 HBD launched the final phase east of The Village Hotel. Allenby Commercial bought the land for The Point in 2016, the same year that the company relocated its own headquarters from the western end of Priory Park into Hull city centre. Allenby Commercial is also progressing with the transformation of the former Europa House in Hull, which has been renamed Monocle and will welcome the first occupiers into 60,000 sq ft of space this year. The company has also expanded at Base, a former military motor depot in Chamberlain Road, Hull, which is now home to 75 businesses employing more than 200 people in light industrial, workshops, storage and offices. Charlie said: “Base is proving ideal for local and national businesses who benefit from having a workforce and customer base almost on their doorstep – our latest addition of a Tesco Express store reflects the fact that the site is surrounded by chimney pots. “We have one block which still has some space for industrial use and there is one unit in the main office block capable of accommodating up to 12 people but demand is strong. A new block which we only opened less than a year ago is now fully let with ten businesses occupying the 16 units.”
1...757677...929Page 76 of 929