Paloma Capital has started a £1.25m refurbishment of part of York North on the outskirts of the city.
Leeds-based JP Wild Ltd has been appointed to carry out the work to include an internal strip out and full refurbishment of the warehouse space, offices and kitchen/WC areas. Full mechanical and electrical services replacement is also being undertaken as well as external works to the building’s façade, roof, yard space, fencing, and drainage. Practical completion is expected by the beginning of November.
The works are part of a site-wide refurbishment plan by Paloma Capital. Since acquiring the site in 2022 the London-based investor has made a considerable investment to upgrade accommodation as well as deliver new purpose-designed trade units. It recently secured planning consent for four new industrial/warehouse units totalling 34,400 sq ft. The scheme is now offering design and build opportunities for units ranging from 4,000 sq ft up to 15,400 sq ft.
Jeremy Thiagarajah, Director for Asset Management and Investment at Paloma Capital said: “We are pleased to start works to refurbish a large part of the estate to deliver more modern state of the art space for prospective occupiers. York North is already well recognised for its locational benefits and our sustainable approach to repurposing existing space will certainly deliver against undersupply for industrial and warehousing space in this area.”
