JPG working on TK Maxx distribution centre

JPG are delighted to be working on a large-scale major distribution facility for TK Maxx near Wakefield after investors committed £59m to the scheme.

JPG are working with Tritax Big Box REIT, which specialises in large industrial units, to develop the 635,000 sq ft facility in Knottingley, at the junction of the M62 and A1.

TK Maxx has signed a 20-year lease for the property, which will have three mezzanine floors that will create an additional 765, 000 sq ft of useable space.

It is being developed by Caddick and construction is scheduled to be completed in January 2017.

“The property occupies a key logistics location that is achieving strong rental growth,” said Colin Godfrey, partner of Tritax.

The deal follows last month’s announcement by John Lewis that it had signed a 20-year lease for a distribution hub at Logic Leeds and is the latest to reinforce the region’s reputation as an important area for the logistics sector.

JPG assist in turning car showroom into £5m retail space

JPG Group are working with Leeds-based developer Gregory Property Group in transforming the former Dew Motor Group site into newly developed retail units on Bradford Road, Brighouse.

Dews Motor Group recently arranged to sell the site on Bradford Road to Gregory Property Group after deciding to move its operation to Halifax.

Richard Tovey, director at Gregory Property Group, added: “The profile site is ideally suited to retail development due to its prominent location on Bradford Road and its long frontage. We are pleased to have agreed pre lets with strong performing businesses which will be revealed in the coming weeks.”

Chris Harding, director at JPG Group, advises: “We have worked with Gregory’s in the past and on various projects including the 40m retail development, Broad Street Plaza in Halifax.”

“It’s great to work with a developer who is driven by delivering schemes which enhance the locality and who work to a very high standard.”

An anticipated eight-month build programme will result in completion in the summer of 2016.

JPG shortlisted for this years’ YPA’s

JPG Group has been shortlisted at the 2015 YPA’s for the consultancy firm of the year.

This year’ judging panel consists of Gerald Jennings, president of the Leeds Chamber of Commerce and former portfolio director for North and Scotland at Land Securities; Martin McKervey, partner at Nabarro, Sheffield; Angela Barnicle, director in real estate advisory at Deloitte, Leeds; Guy Gilfillan, development director at Regus; Grant Edmondson, property director at Wykeland; and Trevor Mitchell, planning and conservation director at Historic England.

Gilfillan said: “The quality of this year’s entries reflects the significantly improved conditions seen across all property markets in the Yorkshire region. This is evidenced by the large number of cranes now appearing on the skylines of our towns and cities, stimulating economic activity and creating good quality employment.

“These awards recognise the extraordinary hard work and sheer determination of the developers and property professionals involved in making these schemes happen, particularly when many of the projects were conceived prior to or during the recession.”

And Grant Edmondson added: “The number and general calibre of entries to this year’s property awards are both significantly up on last year which underlines how the health of the Yorkshire property market continues to improve.

“Whilst overall conditions remain competitive, a back-drop of increased occupier demand, investor appetite and availability of finance has seen the region’s property professionals deliver some fantastic designs, developments and deals. The winners and those short-listed should all be rightly proud of their achievements.”

The winners will be revealed at the awards dinner on 24th September at New Dock Hall, Royal Armouries, Leeds, which JPG will be attending.