New warehouse scheme for Wakefield
A 150,000 sq ft warehouse scheme is being proposed on a brownfield site close to Junction 32 of the M62 motorway near Wakefield in West Yorkshire.
The scheme is being put forward by Gregory Property Group and envisages four new units ranging from 20,000 – 80,000 sq ft on the 11-acre site.
Known as Park 32 the development will be opposite Pontefract Racecourse and adjacent to Park Side Retail Park which includes Wickes, Currys PC World, Halfords and McDonald’s. Travis Perkins already occupies a unit within the development.
Barry Gregory of Gregory Property Group said the site had remained undeveloped for many years “despite being earmarked for industrial development”.
“There is a lack of supply of new, purpose built industrial space within the M62 corridor and we anticipate high levels of interest from occupiers once planning approval has been received.
The Leeds office of property consultancy GVA has been appointed to market the scheme.
Allied Glass has taken a 190,000 sq ft warehouse in Wakefield known as Wakefield Eurohub.
The refurbished property, which is owned by Edinburgh-based Parabola, has been let on a 10-year lease at a rent of £4.25 per sq ft.
Knight Frank advised on the deal.