Global firm announced as first occupier at Harrogate's new 600,000 sq ft employment space
A global business is to establish its new UK headquarters at the giant new Harrogate 47 development off A1 in a major boost for sustainable employment.
Bridges Fund Management and Opus North have completed a deal to let a 10,000 sq. ft. unit at Harrogate 47 to global business Restrain Company Limited (Restrain).
Restrain, a global leader in the potato storage industry, has agreed a 10-year term to lease the unit, which will become its new UK HQ.
The units are situated on a 45-acre site near Harrogate at J47 of the A1(M) in North Yorkshire, which in total comprises more than 600,000 sq. ft. of employment space for industrial, logistics, hi-tech and office uses, as well as amenity uses, within a landscaped environment.
Planning permission for the Harrogate 47 site was secured from the now-defunct Harrogate Borough Council for the low-carbon scheme, which is targeting BREEAM ‘Excellent’ and has the potential to support 2,000 jobs.
Jake Shilston, Investment Manager, Bridges Fund Management, said: “Harrogate 47 has been created to appeal to a broad spectrum of regional and national occupiers seeking sustainably designed accommodation to future-proof business operations.
"There are chronic shortages of new space like this in the region, and we are seeing keen interest in the available units.”
The deal completes as construction works conclude on the first phase of development at Harrogate 47, with the delivery of circa 106,000 sq. ft. of speculatively developed Grade A, flexible business units.
Appointed contractor Stainforth Construction has completed two terraces of flexible business units ranging in size from 5,570-12,132 sq. ft., plus three detached units from 10,000-21,409 sq. ft. – one of which is now occupied by Restrain.
The next phase of construction work is due to commence shortly, which will facilitate and service the next tranche of development.
Bridges Fund Management invests in the transition to a more sustainable and inclusive economy.
It specialises in property solutions that help to create jobs, reduce carbon emissions and regenerate brownfield land.
Opus North is recognised as one of the most active and successful developers in Yorkshire, with extensive development delivery experience.