Hull's manufacturing sector is showing no sign of a slowdown, with three industrial units on the largest industrial estate in the city set to be brought back into business.
PPH Commercial recently concluded a deal on a 13,000sq ft premises in Rotterdam Road, Sutton Fields, which will allow an existing Hull-based business to expand its operations.
The owners of the former Hull Karting centre in Stockholm Road have also indicated their willingness to commit a “significant” investment into completely refurbishing the 20,000sq ft building.
High-quality industrial property stock levels in Hull are still extremely low, so this investment will attract a new tenant in the very near future.
In addition, clients of PPH have just acquired the former McBride site on Sutton Fields Industrial Estate, which will now be extensively refurbished and brought back to the market to let. The site extends to more than 125,000sq ft on 10.5 acres with scope for further development.
PPH director Ben Medhurst (left), a specialist in the industrial property sector, said: “The local industrial property market usually reflects Hull’s overall economic performance. Positively, the market is currently the strongest it’s been for decades.
“Demand continues to exceed supply and these high-quality units that we have premises we’ve recently brought to market have experienced significant levels of interest from a wide range of potential occupiers.
“This is good news for PPH and the wider Hull business community – as well as the people they employ. Long may it continue.”
PPH Commercial has already completed more than 200,000sqft of property transactions on the Sutton Fields Industrial Estate this year – and is on course to surpass its record figures from 2018.