Speculative development creates up to 500 jobs
Significant progress is being made at Wakefield515, the largest speculative development in the north for a decade.
With the Panattoni development expected to provide an immediate boost to the West Yorkshire area, supporting up to 500 full-time jobs and introducing £5.5 million into the regional economy through employment alone.
Caddick Construction, Panattoni’s build partner for the project, has deployed a team to progress the 515,820 sq ft warehouse, with the steel framework now full formed and work progressing to achieve practical completion by the end of Q2 2021.
Located at the M62 and A1(M) junction, the warehouse facility will serve as a key strategic hub for businesses, offering access to major cities and ports across the north of England. Manchester, Liverpool, Leeds and the port of Immingham are all within a 90-minute drive of the facility.
Wakefield515 is designed to offer maximum flexibility for logistics and distribution businesses. The cross-docked warehouse will have generous yards of up to 100 metres and incorporate sustainable features, such as rainwater harvesting systems, a PV ready roof and LED motion sensor lighting. The building will be built to a BREEAM rating of ‘Very Good’ and EPC rating of ‘A’.
Andy Preston, development manager for the project, said: “We are pleased to see such good progress on this important development. Wakefield515 will not only meet demand for large warehouse facilities along the M62 corridor but also contribute to economic development in the north. Construction work will provide an immediate boost for the area but the building’s benefits will be felt long after this phase is complete. We look forward to seeing it take shape.”
Chris Wilson, commercial development director at Caddick Construction, said: “It’s exciting to see construction now well underway in Wakefield in such challenging circumstances. Caddick is proud to be working with Panattoni on this landmark project that brings immediate job opportunities and real economic benefits to the region.”
Cllr Darren Byford, Wakefield Council’s Cabinet Member for Economic Growth and Regeneration, said: “It’s great to see construction at Wakefield515. This site has excellent transport links that will attract both skilled local residents and businesses looking to invest in the area. Wakefield is ‘open for business’ and we would encourage any interested parties to get in touch to see how we can support their move.”