Paloma Capital has secured planning permission to develop four new industrial and warehouse units, totalling 34,400 square feet, at its rebranded business park, York North, located on the outskirts of York. The site, formerly known as Green Park Business Centre, offers design and build opportunities for units ranging from 4,000 to 15,400 square feet.

Acquired by Paloma Capital in 2022, the 122,000 square-foot business park, situated on Goose Lane in Sutton-on-the-Forest, has undergone rebranding and upgrades. In addition to the new units, Paloma Capital is investing in the refurbishment of existing premises, including a stand-alone 12,500 square-foot unit with a secure yard, available for lease.

Jeremy Thiagarajah, Director for Asset Management and Investment at Paloma Capital, commented: “We are pleased to secure planning approval to deliver four new industrial units at York North, expanding the proposition at this already well-established business hub with long-standing occupiers. This site fits well with our acquisition strategy for investing in well-located sites in under-supplied areas.”

Paloma Capital, a private equity real estate investor established in 2015, is known for targeting niche UK investment strategies, often focusing on smaller assets. The company has raised approximately £640 million in discretionary capital from investors across Europe, the Middle East, and North America. This development could be a focal point at upcoming property networking events in York, where discussions on securing construction contracts are likely to take place.

The expansion at York North might be highlighted at construction networking events in York, as it reflects the growing demand for industrial space in the region. Such developments are often key topics at real estate networking events in Leeds and other nearby cities, where industry professionals discuss investment opportunities and strategies.

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