A huge new East Yorkshire distribution warehouse has been pre-let to a listed speciality chemicals giant in a move that is set to create about 200 jobs. A £24m deal has also been agreed to purchase and fund construction of the unit.
Croda Europe has agreed a deal with Tritax Big Box REIT’s dedicated logistics developer, db symmetry, for a new unit at the Goole 36 Enterprise Zone.
Croda were advised by Holder & Co. Owen Holder said “This represents the culmination of an excellent client relationship between Holder & Co and Croda, involving a well thought out strategy to deliver the growth required for the business. Holder & Co have and will continue to advise Croda, providing in depth property knowledge, throughout the process.”
Croda is set to invest more than £7m into the fit out of the new facility. The site will become its worldwide distribution hub for products made at its three northern UK manufacturing sites and for the European delivery of products made across its global network.
The new warehouse will enable the manufacturer to operate a much larger distribution facility to service its growing global business. A new modern product-sampling department will be included as part of the investment, and the site will also be home to a new International Employee Training Centre.
Planning consent is also in place for about 140,000 sq ft of additional development.
Maarten Heybroek, president of Croda Europe, said: “We are delighted at the prospect of securing a site in Goole for this investment as we are hugely proud of our Yorkshire heritage. Our founding Rawcliffe Bridge manufacturing site and our global headquarters, Cowick Hall, are both located less than ten miles away. In line with our ongoing commitment to innovation and sustainability, we will use the latest technologies to minimise our environmental impact and offer the most advanced safety features to our people in a facility of this kind.
“This announcement demonstrates the company’s commitment to UK manufacturing and provides long term job security for the workforce who will move from our existing operation and for the new quality warehouse roles we will create.”
Freddie Oakey, associate development director at db symmetry, added: “Over the last 18 months we have become increasingly active in Yorkshire, identifying strategic sites where we can develop large scale logistics schemes. Goole 36 alongside the existing Capitol Park site is already well-established and the letting to Croda will only further increase Goole’s standing as a premier logistics destination in the North.”