The deal brings Mountcity's portfolio of distribution property in South Yorkshire to over £50 million ($72 million).

Teesland and Shepherd have already pre-let the unit, which includes 32,000 sf of offices over three storeys, on a ten-year lease to office equipment specialist Fellowes Manufacturing. Fellowes will use the site as its new European headquarters and distribution centre.

Mountcity Group was advised by Insignia Richard Ellis. Teesland and Shepherd were advised by Jones Lang LaSalle.

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.