Catalogue retailer offloads surplus land
CATALOGUE retailer Redcats (UK) has sold 11.1 acres of surplus land near Wakefield to a housing developer.
House builder Ben Bailey Homes snapped up the site for an undisclosed sum.
Redcats has retained the remainder of the site for its distribution warehouse, operated for the French fashion mail-order brand La Redoute.
Situated on Standbridge Lane in Kettlethorpe, planning consent was granted in 2013 to develop the site in to 129 residential units ranging from two-three storey dwellings with a mix of terraced, semi-detached and detached houses.
Redcats was advised by JLL.
Craig Roberts, head of legal & HR at Redcats, said: “Our planning consultants, Johnson Brook, designed a new residential scheme that both complements and supports the future development of the site. Consequently, the sale of the land, which is surplus to our own requirements, received a good level of interest from potential purchasers.”
Guy Ackernley, head of residential in JLL’s Leeds office, added: “This site, when redeveloped, will provide good quality residential properties located just a few miles from Wakefield city centre and the M1 motorway.”
Claire Roberts, consultant solicitor, advised Redcats and Rosemary Edwards of Shulmans advised Ben Bailey Homes.
