Global delivery firm FedEx signs up to £5m Enterprise Zone development
THE first speculative development at Thornes Farm at the heart of the Leeds City Region Enterprise Zone has been completed, as global delivery firm FedEx signs up for space.
The Connex 45 development comprises two developments, and a deal has already been signed with FedEx which will occupy a 50,000 sq ft unit on a 10-year lease.
The second manufacturing and logistics unit, A30, is available and has seen strong interest with a number of potential occupiers.
Wilton Developments completed the £5m speculative development, delivered by Shipley contractor Stainforth Construction, Leeds-based KPP architects, Rex Proctor and Partners and engineers Jordan Prichard Gorman and Wetherby based service consultant, MRB.
Langleys in York and Walker Morris in Leeds provided legal advice.
Jason Stowe, managing director of Wilton Developments said: “Wilton Developments is proud to deliver the first speculative development in the Enterprise Zone with a Yorkshire based design and construction team.
“This ensures that the investment Wilton Developments and Leeds City Council has made stays within the region, boosting the economy and creating local jobs.”
Councillor Richard Lewis, Leeds City Council’s executive member for Regeneration, Transport and Planning said: “The Leeds City Region Enterprise Zone continues to go from strength to strength and it is great that local firms were contracted to carry out the development of Connex 45.
“Attracting a major international company like FedEx to occupy one of the units is very impressive and we look forward to the job opportunities and economic boost it will bring to the region.”
Roger Marsh OBE, chairperson of Leeds City Region Enterprise Partnership added: “It’s clear that confidence is returning to the City Region’s property market and this is evidenced by the growing number of speculative developments that are onsite at the moment.
“Wilton Developments were visionary in their plan and delivery of Connex 45 at the Enterprise Zone, and this vision has been rewarded by the letting to FedEx, which further bolsters the Zone’s strength within the logistics sector.”
The Enterprise Zone is home to manufacturers such as packaging company, Roberts Mart, floor covering specialist, Mercardo and Symington’s food.
CBRE and Colliers acted for Wilton Developments.
