Next stage of work begins on large-scale employment site
Following enabling works earlier this year the second phase of Moor Park 25, a major commercial development in Mirfield, has now started.
Upon completion, the development could create up to 400 new jobs and provide a £12.5m boost to the local economy.
The scheme brings together two Yorkshire-based companies to deliver the project – Caddick Group and AAA Property Group.
Caddick Developments has completed a forward sale of all five units in phase two to AAA Property Group, which also purchased the phase one Incora building as part of its expansion into the industrial and logistics sector.
The 15-acre site will be built out by Caddick Construction, with completion anticipated for quarter three 2021.
Located close to Junction 25 of the M62, the second phase of Moor Park 25 will deliver five industrial buildings, each ranging between 19,500 – 59,000 sq ft, providing a total 180,000 sq ft of new logistics and commercial space.
The project will be developed speculatively, with work accelerated due to an increase in demand for properties of this type and size across the industrial and logistics market.
The site has been identified as one of 10 Enterprise Zones across the Leeds City Region area by the West Yorkshire Combined Authority.
Myles Hartley, managing director of Caddick Developments, said: “At a time when the industrial and logistics market is going from strength to strength, we’re confident the second phase of Moor Park 25 will go some way to meeting growing occupier demand.
“Interest in the site is high and talks have already commenced with businesses looking to expand. This development will provide a significant boost to the local economy and create hundreds of jobs, which will further support the economic recovery of the local area.”
Roger Marsh, chairman of the Leeds City Region LEP and NP11, said: “Located in the heart of one of Leeds City Region Enterprise Zones, this scheme will prove to be highly attractive to businesses and investors looking to relocate to West Yorkshire.
“The Enterprise Zone provides attractive opportunities to support recovery, boost local employment and increase business expansion, offering an unrivalled package of incentives, establishing Leeds City Region as a destination for growth and commercial activity.”
Anil Chima, director of AAA Property Group, added: “As the proud owners of unit one at Moor Park 25, we’re delighted to be investing further in this landmark scheme which is set to deliver much-needed industrial space for the region.
“Yorkshire is our home, and we’re especially pleased to be investing in a project which will boost the region’s economic activity and create local jobs, as the community looks to bounce back from the Covid-19 pandemic.”
Planning permission for phase two of Moor Park 25 was granted last summer. Joint agents on the project are Avison Young and Dove Haigh Philips.
