Trammell Crow acquires England-based logistics scheme

Trammell Crow Company (TCC) has acquired a 20-acre logistics site in Sheffield, England.

The site, on Shepcote Lane, 0.5 miles from Junction 34 of the M1 motorway, includes a facility of 455,750 square feet, formerly let to fencing manufacturer Betafence, and has existing planning consent in place. TCC intends to obtain new planning consent to replace the existing building with a speculative 365,814-square-foot class A logistics facility. Located in an established industrial area with an existing logistics allocation, the site has excellent transport communications and a 1.4 million working population within an hour’s travel. The area has recently attracted tenants such as Clipper Logistics, Pretty Little Thing, ITM and Great Bear.

“Sheffield is one of the most sought-after strategic logistics locations in the United Kingdom, with high demand set against very constrained supply,” said Mike Forster, director and head of U.K. logistics for TCC. “Coming just weeks