Catella APAM secures record rent with major letting at Leeds Valley Park

Catella APAM, acting as Asset Manager on behalf of the Greater Manchester Pension Fund (GMPF), has successfully completed the letting of 56,000 square feet at Leeds Valley Park, securing a record-setting rent for the West Yorkshire industrial market. The deal underscores the strong demand for high-quality, well-located logistics space in the region.

Strategically positioned near Junction 7 of the M621 and Junction 44 of the M1, Leeds Valley Park continues to attract leading occupiers looking for modern, high-specification warehouse and manufacturing facilities. The latest lease agreement further cements the estate’s reputation as one of West Yorkshire’s premier industrial hubs.

Adam Handley, Asset Manager at Catella APAM, emphasized the significance of the deal, stating: “Setting a new rental benchmark in West Yorkshire is a testament to the strength of Leeds Valley Park and the wider industrial market. The demand for high-quality, well-located logistics space remains strong, and we are delighted to welcome our latest occupier to the estate.”

The transaction was facilitated by joint agents Carter Towler, Avison Young, and CBRE.

Josh Holmes, Director at Carter Towler, highlighted the growing market demand, saying: “We are delighted to finalize the letting of Unit 1 to a fantastic occupier. Since the start of the new year, we’ve seen a marked increase in enquiries for mid-box space, and with supply being so constrained in the region, it is unlikely that the final two units will remain available for long.”

With this latest deal, only two units remain available at Leeds Valley Park: Unit 3 (43,836 sq ft) and Unit 5 (60,949 sq ft). Both offer well-specified industrial space in a prime West Yorkshire location, reinforcing the estate’s strong appeal to occupiers seeking top-tier logistics and manufacturing facilities.