FOUR business units totalling 34,400 sq ft have been approved in a village north of York.

London-based Paloma Capital has gained approval from North Yorkshire Council to build the units at the established business park, previously known as Green Park Business Centre.

Located on Goose Lane, Sutton-on-the-Forest, the business park was bought by Paloma Capital in 2022 and it was rebranded as York North.

The 122,000 sq ft, multi-let site, is situated ten minutes north of York’s Outer Ring Road and close to Clifton Moor.

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The developer is now offering design and build opportunities for industrial/warehouse units ranging from 4,000 sq ft up to 15,400 sq ft,

Paloma Capital says it is also committing considerable investment to upgrade existing premises on the estate which includes the complete refurbishment of a stand-alone 12,500 sq ft unit with secure yard which is available to let

Jeremy Thiagarajah, Director for Asset Management and Investment at Paloma Capital said: “We are delighted to secure planning approval to deliver four new industrial units at York North, expanding the proposition at this already well-established business hub with long standing occupiers.

“This site fits well with our acquisition strategy for investing in well located sites in under supplied areas. 

"Whilst we have already committed to a major refurbishment programme of existing accommodation, the provision of four new state of the art units will help to fulfil current demand for purpose-designed, last mile logistics space where occupiers can influence the design.”

Paloma Capital is a private equity real estate investor established in 2015 and wholly owned by its founding partners Joe Froud and Jack Pitman.

Paloma has raised approximately £640 million of wholly discretionary capital from investors in Europe, the Middle East and North America, which is used to pursue targeted, niche UK investment strategies, frequently focused on smaller assets.