Booming business park fully let as 30-year transformation completed

By Hull Daily Mail | Posted: 25 Apr 2019

The final plot on a busy west Hull business park has been sold, in a deal which ends a 28-year journey to transform the site.

Priory Park is already home to a host of high-profile businesses, with the likes of Arco, Indivior and Aldi all located on the site.

Now the last plot has been sold to Allenby Commercial, which the company said it would develop independently.

Henry Boot Developments has overseen the three-decade-long transformation of the business park in Hessle– once a 150-acre brownfield site.

Vivienne Clements, director at Henry Boot Developments, said: “28 years in the making, Priory Park is a perfect example of HBD’s long-term, strategic approach to development.

“A major regeneration project covering 150-acres, it has been transformative for Hull, acting as a catalyst for economic growth, creating thousands of jobs and boosting the skills base across the region.

What Arco's new distribution centre could look like from the A63 (Arco)

“Today, Priory Park is a successful location for a wide variety of businesses. Combining high-quality property with excellent transport links, it’s a scheme that will continue to drive investment within the region, supporting a successful and innovative local economy for many years to come.”

Allenby Commercial recently transformed the former Blundell’s Corner building into WORX, a refurbished office space now home to the likes of Arco, life insurance firm Promis Life and the Hull Daily Mail.

Read more: Arco gives new glimpse of its £25m distribution centre in Hull

Other projects across the city include the Europa House office complex in Ferensway, and Paragon Arcade.

Allenby Commercial has now purchased the final 6.5-acre plot in Priory Park.

The sale completes the final phase of development at Priory Park, which has seen a flurry of activity in recent years.

Indivior's facility in Henry Boot Way, Hull

Arco has added to its presence on the business park by building a new £25m National Distribution Centre next to its existing unit.

That move came about after Arco completed a transaction with HBD for the five acre site.

Priory Park is also home to the £23m Indivior research centre, which develops drugs which can help people battle opioid addiction and schizophrenia.

Read more: Indivior shares tumble as company faces $3bn fine over 28 fraud charges

Headquartered in Sheffield with six regional offices, Henry Boot Developments (HBD), part of the 130-year old Henry Boot PLC, is one of the most progressive property companies in the UK.

The developer is currently working with a commercial pipeline in excess of £1bn, including several major schemes across the North and Scotland.



Follow us on Facebook and Twitter

Commercial Property News

Source article: http://www.hulldailymail.co.uk/

Share Article

Grimsby News

300m South Humber Bank power station given the go-ahead

Hull & East Riding News

New jobs created as construction firm Integra joins 500m scheme

Scunthorpe News

Humberside Airport owner files for bankruptcy in US

Your News

Would you want your employees working from home? Read more in our Your News special report