Growing Gateshead property company MCM Group has sealed a deal in Yorkshire, signalling its expansion ambitions outside its Tyneside base.
The property investment and development firm has completed a 10-year lease that will see a tools, equipment and plant hire services company create a new distribution hub in Leeds. Speedy Hire, which operates across the UK’s construction, infrastructure and trade markets, is moving into its new base on the Cross Green Industrial Estate following the letting.
The refurbished unit has 28,537 sqft of warehouse, office and ancillary space, and a mezzanine, and is close to the city centre on Felnex Road. MCM Group invested around £1m in the empty property after snapping it up in 2021, to bring the unit up to its full potential. Speedy Hire, which was represented by Dunlop Heywood in the negotiation, will benefit from a new roof, re-clad elevations, 6.3m eaves height, 30 parking spaces including three charging points for electric vehicles and a secure yard and offices.
