Tower Cranes pierce the Huddersfield skyline
The skyline of Huddersfield is changing with bright yellow tower cranes piercing the autumn skyline. This is a welcome sign and with it comes a general feeling of improvement as Government led schemes have brought forward the development of the new sports centre and swimming pool complex on the former Spring Wood car park. The ever-expanding University of Huddersfield sees the development of a new complex fronting Wakefield Road, whilst the new Kirklees College has opened at the Waterfront.
These act as a catalyst to kick start private development and two new student accommodation schemes are well underway in the Firth Street and Wakefield Road areas of the town. This has also helped to breathe new life into the town centre with the conversion and refurbishment of iconic buildings such as the former “Thatchers” store, newly opened as a student residence known as Thread Works.
This is causing a movement of occupiers within the town and Hanson Chartered Surveyors has acted on behalf of Louis France Limited in the sale of their Firth Street premises to the University of Huddersfield and acquisition of new leasehold premises in Prospect Street adjacent to the town’s fire station.
The commercial and industrial property market remains difficult with rental incentives being required to achieve deals. However, since February of this year there has been a general feeling of improvement and businesses are willing to take that leap of faith to acquire property to allow expansion and restructuring.
Unit B at Castlegate Retail Park has recently come to the market and we are experiencing encouraging interest from restaurant operators.
We have recently acquired premises on behalf of PC Specialist, which has retained their workforce within the Huddersfield area. This journey has taken the client three years to find suitable premises and is the first step in an exciting expansion programme.
This shows the scarcity of good quality accommodation. It is this short supply of good quality freehold industrial accommodation that could starve the recovery in Huddersfield. Without more land being made available for industrial development in the town, companies could be lost to outlying districts such as Wakefield, Barnsley and Calderdale.
As the recovery continues and the market begins to improve more good quality industrial sites need to be brought forward to meet the needs of the town’s growing manufacturing and engineering companies.
Written by Jason Metcalfe.