JOHN LEWIS is to move into Leeds’ enterprise zone after signing a 20-year lease for a distribution hub that will open next year.
It is the third major investment by the retailer in the region, following the York store which opened in April 2014 and its forthcoming Leeds store at Victoria Gate that will be one of the largest in the country when it opens in autumn 2016.
It will employ 65 people at the 50,500 sq ft warehouse within Muse’s Logic Leeds development, a 110-acre scheme that is part of the Leeds City Region Enterprise Zone in east Leeds. Work will start on site shortly, with completion scheduled for spring next year.
“This is one of the most significant industrial property deals in Yorkshire this year and a ringing endorsement of our Logic Leeds development,” said David Wells, development director at Muse.
“We are already well-advanced on site with the construction of an 80,000 sq ft industrial building which is the largest of its kind to be speculatively developed in West Yorkshire since the recession. Together these two buildings will put Logic Leeds on the map.”
Logic Leeds has been supported by a landmark £2.5m grant agreement with Leeds City Council, funded through the government’s Building Foundations for Growth programme.
The property consultants for this deal were the Leeds offices of Knight Frank and Carter Towler for Muse and Cushman and Wakefield for JLP.
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