- What Opus North to deliver 370,000 sq ft of industrial space in West Yorkshire
- Why Lack of industrial space across Yorkshire has heightened demand
- What next Development to kick off in Q1 next year
Opus North has acquired a 57-acre site in West Yorkshire from Keyland Developments and intends to deliver a 370,000 sq ft industrial development.
Keyland, the property trading arm of Kelda Group and sister company to Yorkshire Water, secured planning consent for the North Bierley Water Treatment Works site last year. Opus North will start on site in Q1 2020 as it moves to address a paucity of quality industrial space across Yorkshire.
The site is located in a strategic position at the major intersection of the M62 Transpennine motorway and M606 Bradford link and was launched to market at the end of last year by Dove Haigh Phillips.
Interchange 26 will comprise freehold and leasehold units from 15,000 sq ft up to 125,000 sq ft; with delivery estimated for early 2021.
Andrew Duncan, managing director of Opus North, said: “The acquisition of this key site forms part of our wider aspirations within the logistics sector where we see strong opportunities to deliver schemes of excellence to address the chronic shortages of high quality industrial and logistics space. This is an immediately deliverable opportunity for us and we are already in discussions with potential occupiers for the first unit at Interchange 26, which will be underway towards the start of next year.”
Peter Garrett, managing director of Keyland Developments Ltd, said; “The sale of the North Bierley site will make significant headway in providing new industrial accommodation and employment opportunities in a region that is currently experiencing severe shortages.”
Dove Haigh Phillips marketed the site for Keyland Developments; while Knight Frank acted for Opus North.
Simon Dove, partner at Dove Haigh Phillips, said; “Viable and immediate commercial opportunities of this scale are rare and Keyland’s work in securing planning consent and undertaking the commercial masterplanning resulted in keen competition for the site. The surrounding business and industrial parks are operating at full capacity and therefore the delivery of up to 400,000 sq ft of employment space will be a welcome addition to the region’s supply.”
