03 November 2020

Developer and commercial property company Onward Holdings has completed the sale of a speculatively built warehouse in West Yorkshire.

The Phoenix 66 unit is located on the Green Lane Industrial Estate in Featherstone off Junction 31 of the M62. It extends to about 66,923 sq ft, including first floor offices and allows the occupier the flexibility to extend into a further 3,207sq ft of additional second floor accommodation in due course.

The unnamed buyer has now taken the keys to the logistics facility, which will be the maintenance hub for its fleet of HGV vehicles.

Neil Storey, director at Onward Holdings, said: "We are thrilled to have helped the occupier find the right property for its operational needs. Phoenix 66 is a quality unit in a prime location that offers excellent facilities and transport links. We are looking to acquire other sites that will help address the current shortage of quality logistics facilities in the region."

Iain McPhail, partner at Knight Frank, and Andrew Miller, of Andrew Miller Chartered Surveyors, advised Onward Holdings.

McPhail added: "We are proud to have been involved as part of the team on this exciting project from start to finish. It just shows the importance of getting the specification right on a new build unit and Phoenix 66 delivered a truly institutional opportunity to the market. We are also encouraged that the Yorkshire industrial and logistics market continues to perform, even during these unprecedented times."