HBD has sold the final plot at Priory Park, Hull, in a deal that brings to a close a 28-year development programme that transformed a former 150-acre brownfield site into one of Yorkshire’s most successful business parks.
Priory Park is home to a diverse mix of local, regional and national businesses including Arco, De Vere Hotels, Indivior and Aldi. Located to the west of Hull City Centre, the scheme benefits from excellent transport links both to the national motorway network and east coast ports.
Allenby Commercial has purchased the last remaining 6.5-acre plot, which it will develop independently.
The sale completes the final phase of development at Priory Park, which has seen a flurry of activity in recent years, including Arco’s 220,000 sq ft national distribution centre extension, enabled by a 5.38 acre land transaction from HBD, and a £23million addiction research centre for Indivior, a division of Reckitt Benckiser, which acquired 6.32 acres.
Vivienne Clements, Director at HBD, 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.
“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.”