- Catella APAM has completed a 10-year letting to Northern Trains at Acero Digital Campus in Sheffield, following the successful repositioning of a vacant suite into the building’s first fully fitted CAT A+ space.
- The strategy has generated further demand for fully fitted space, with the remaining floors at Acero Digital Campus now under offer and the building set to become fully occupied.
Catella APAM has completed a new letting to Northern Trains at Acero Digital Campus in Sheffield, following a decision to reposition a vacant office suite and introduce the building’s first fully fitted CAT A+ space. The transport operating company has taken a 10-year lease on 7,369 sq ft of part of the fourth floor.
Acting on behalf of Britannia Invest A/S, Catella APAM repositioned the suite following the departure of the previous tenant. The CAT A+ fit-out was delivered by Vantage Zero, Catella APAM’s sustainable retrofit and principal contracting business.
The initiative was designed to test demand for a ready-to-occupy product in Sheffield, where the CAT A+ format is less widely adopted. The strategy proved successful, with the space let within four months of completion of the fit-out.
The success of the initiative has also generated interest in replicating the approach elsewhere within Acero Digital Campus. Catella APAM is now under offer on the remaining floors, which will result in the building becoming fully occupied once the fit-out works are completed.
Chalwe Silwizya, Senior Asset Manager at Catella APAM, commented:
“The successful letting to Northern Trains demonstrates the appetite for high-quality, fully fitted office accommodation and provides a strong example of how an active asset management approach can respond to market demand.
“The interest we have subsequently seen in replicating this approach across the building is particularly encouraging and demonstrates the potential to apply the strategy more widely across the asset.” The letting demonstrates the value of Catella APAM’s integrated, in-house expertise, combining asset management with Vantage Zero’s retrofit and contracting capabilities to identify, cost and deliver opportunities that create value for clients.