Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Tuesday, November 13, 2023

Airedale Park now full

Airedale Park, the pioneering 12 million industrial development in Keighley's commercial heartland, is now full.

The last remaining unit, comprising 10,000 sq ft, was sold for 420,000 to Yorkshire Asset Management Ltd this month.

This comes hard on the heels of the news that a 93,000 sq ft refurbished factory building has been bought by expanding food packaging company, PFF Ltd.

Ilkley-based Opus Land, the developers of Airedale Park, have successfully sold or let nearly 300,000 sq ft of refurbished industrial/ warehouse accommodation.

Opus Land bought 17 acres of quality development land from Magnet on the furniture maker's site in Royd Ings Avenue and has transformed it to provide six refurbished industrial warehouse units.

Recent deals at Airedale Park include the sale of Unit 4 to Unity Tyres, Unit 5 to Real Engineering and Unit 1C to furniture firm FFC. It is estimated that over 200 jobs have been created on the park.

Andrew Duncan, director of Opus Land, commented: "This has proved to be an exciting and successful development for Keighley and has provided a tremendous boost to the town's economy. It is great to see a proud and historic West Yorkshire town like Keighley undergoing an economic renaissance and we are delighted to be part of this".

Andy Bairstow, the managing director of PFF, whose clients include Morrisons, ASDA and Marks and Spencer, is delighted with his company's new home, commenting: "The unit on Airedale Business Park has allowed us the opportunity to purchase our own building and provide us with ample space for our ambitious plans".

Mike Atkinson, of Leeds based commercial property agents Brackenridge Hanson Tate, said: "The success of Airedale Park provides further evidence that the freehold industrial market in the Aire Valley is buoyant should the right product be presented".

Lee Billborough of agents Hayfield Robinson who acted for PFF added: "We have been looking for suitable premises for some time and Airedale Park offered the size and quality of accommodation my clients were seeking".

Opus Land was launched in 1999 by Andrew Duncan and Richard Smith and has already established an impressive track record as an investment and development property company. With backing from Palmer Capital Partners, Opus Land concentrates on development opportunities throughout the United Kingdom from its offices in Ilkley in West Yorkshire, London and the West Midlands.

Development and investment projects undertaken include 21 Somerfield "essential " supermarkets throughout the region, Opus Park Stockton and developments in Sunderland, York, Scunthorpe, Newcastle , Chester and Goole. The company's current portfolio is worth in excess of 550 million.