Employment site is expected to create 500 jobs
Caddick Construction has reached the halfway milestone at Leeds Valley Park, with three of six steel unit frames now erected and fit-out due to start imminently.
This £26.2m construction project will comprise six modern industrial units ranging in size from 25,000 sq ft to 70,000 sq ft. The units will offer space for a range of logistics, distribution and manufacturing uses.
All six buildings have been designed with sustainability in mind and are set to achieve a ‘Very Good’ BREEAM rating upon completion.
The next phase of works will include further cladding and glazing, internal concrete slabs and substation installation.
Overall completion is scheduled for November this year.
The flagship employment site has been brought forward by multi-sector property developer, Caddick Developments in conjunction with owners Greater Manchester Pension Fund, with Caddick Construction leading project delivery.
Working across the Caddick Group, the two businesses are supporting more than 300 jobs during construction, with an additional 500 jobs to be created when the units are occupied.
Avison Young, as retained advisor to the Greater Manchester Pension Fund (GMPF), advised on the purchase, and is now marketing the site, alongside joint agents, Carter Towler.
Paul Dodsworth, managing director at Caddick Construction, said: “It’s brilliant to see this flagship employment scheme really start to take shape at Leeds Valley Park.
“Once complete, this development will offer local businesses a great opportunity to map their operations only 15 minutes from central Leeds, just between Junction 44 of the M1 and Junction 7 of the M621.
“Working alongside Caddick Developments means we can ensure the very best service across the board, efficient processes are in use and all aspects of the development and operations married with the vision from Caddick Developments.”
Jim Dyson, director at Caddick Developments, said: “When it comes to urban logistics, connectivity is key, and Leeds Valley Park benefits from the unrivalled motorway connections of Leeds’ premier industrial and distribution location.
“Our work with Caddick Construction to bring forward this 300,000 sq ft scheme is a great example of how the Caddick Group has the agility to collaborate across disciplines and create exemplar, market-leading developments that meet the needs of different locations and occupiers.”
Rob Oliver, principal at Avison Young, added: “The units are attracting considerable interest from both companies already in the area, and are looking to establish a first Leeds facility.
“We are in active discussions with a number of parties, looking to take occupation of a new, high specification, sustainable, facility before the end of the year.”
