Speculative development launches at Enterprise Zone
150,000 SQ FT of industrial property will be speculatively developed at Gateway 45 Leeds – formerly Temple Green Enterprise Zone.
Evans Property and Harworth groups, under their joint venture Aire Valley Land, will be developing the site at the major logistics hub.
Planning permission is already in place for 2.64 million sq ft and two units of 100,000 sq ft and 50,000 sq ft are being developed.
It says a planning application is being submitted “imminently” to Leeds City Council to secure consent for both units. Both should be completed within seven months.
The scheme has been rebranded as Gateway 45 Leeds to reflect the 165 acre site’s strategic position at Junction 45 of the M1.
The agency team consists of CBRE, Dove Haigh Phillips and Gent Visick.
This announcement follows the completion of the first phase of a £9.1m infrastructure programme, that has delivered 1.2 km of new dual carriageway, in addition to Leeds City Council’s 1,000 space Park and Ride transport hub.
James Pitt, development director of Evans Property Group, said; “The momentum has really gathered in the last six months with the JV partnership with Harworth and our expanded agency team.
“We are in an extremely strong position to maximise the potential of this outstanding development and our commitment to speculatively developing these units and the effort put into rebranding the scheme to justify its position as one of the North of England’s most important developments is just the beginning of our success story.”
Ian Ball, executive director for Income Generation at Harworth Group, said; “The manufacturing and logistics sectors are in urgent need of new units in strategic locations and Gateway 45 Leeds is in a prime position to capitalise upon that.
“By bringing forward two units with all the associated benefits of the Leeds City Region Enterprise Zone, we are meeting the widely reported shortage of industrial space in the region head-on and showing an appetite for delivery which the scheme can build upon.”
Roger Marsh OBE, chairman of the Leeds City Region Enterprise Partnership (LEP), said: “As the home of the UK’s largest manufacturing base with a number of world class businesses, it’s crucial that we continue to develop the sort of spaces these businesses require and I believe that through this speculative build we will see the future of industrial units come to fruition and attract new and exciting businesses to our dynamic region.”
