British renewable energy group Octopus Energy and accident repair centre Solus have become the latest inward investors to take space at Mirastar’s flagship development Sheffield Catalyst.
Octopus Energy, which is one of the UK’s largest domestic energy providers, has taken 91,923 sq ft at the five unit scheme, while Solus, an Aviva company, adds to its existing bases in the UK with a new regional facility of 22,448 sq ft at Catalyst. Both leases are on market leading terms.
Both companies join surfaces specialist Cosentino and UK award-winning commercial supplier JLA Group at the development fronting Sheffield Parkway. Cosentino relocated into a 33,608 sq ft unit while JLA Group expanded into 109,166 sq ft on site.
Henry Watson, partner at M1 Agency, said: “These lettings demonstrate where Catalyst sits within the market of Sheffield. From inception we set out to provide a best in class product which suited the needs of occupiers and we have been rewarded for our confidence in the product with market leading transactions across the development.
“The unprecedented growth in demand for last mile solutions shown in the wider South Yorkshire conurbations has been triggered by the rise of the convenience economy driven by mobile technology. Proximity to customers is becoming ever important as goods need to be moved quicker and more often, intensifying the demand for space in last-mile locations such as Catalyst Sheffield.”
Rob Brophy of Mirastar added: “Sheffield Catalyst is an important scheme to deliver much needed new industrial warehouse facilities benefiting from excellent ESG credentials and unrivalled prominence and access via the Sheffield Parkway and the M1 Motorway.
“Catalyst represents a continuation of our clear strategy and vision across our portfolio by developing best in class facilities with market leading ESG credentials.”
Daniel Walker at GV&Co added: “Catalyst, Sheffield Business Park continues to go from strength to strength. This recent letting continues the success on the scheme with another household name and highlights the benefits the development offers to occupiers from both a location perspective and specification of the units.”
