Commercial Property News

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Thursday, March 30, 2024

HelioSlough secures funding for biggest ever speculative distribution facility in South Yorkshire

HelioSlough has secured funding for its 750,000 sq ft distribution faciltiy at Nimbus Park, Thorne, near Doncaster. CB Richard Ellis Investors will pay more than 42m towards the development of the warehouse.

Mike Hughes, director at HelioSlough said: "We are pleased to have secured funding for our speculative building at Nimbus Park. The site is well-connected with a dedicated rail connection to the East Coast Mainline at Doncaster providing that all-important access to the East Coast ports. This, and the growing requirement of occupiers for this type of product, has been very important in securing the funding."

The warehouse is expected to complete in November 2006 and HelioSlough expects to begin the second phase of 200,000 sq ft at the 50 acre park later this year. King Sturge acted for HelioSlough and M3 represented CBRE Investors.