Deal with reusable packaging firm kickstarts 200,000 sq ft of warehouse construction in Wakefield

Construction has started on more than 200,000 sq ft of warehouse space after a company which supplies reusable packaging to food producers signed a deal for the largest building.
Lizzie Murphy
By Lizzie Murphy
Published 10th May 2023, 16:45 BST

IFCO Systems UK has agreed a pre-let deal on a 153,000 sq ft building at Prism Park in Wakefield as part of the company’s expansion plans.

BentallGreenOak and Equation Properties have started on site with two new warehouses, comprising 153,323 sq ft and 56,360 sq ft, which will be completed during towards the end of 2023.

The general contractor Winvic will build the scheme.

Construction has started on more than 200,000 sq ft of warehouse space after a company which supplies reusable packaging to food producers signed a deal for the largest building.Construction has started on more than 200,000 sq ft of warehouse space after a company which supplies reusable packaging to food producers signed a deal for the largest building.
Construction has started on more than 200,000 sq ft of warehouse space after a company which supplies reusable packaging to food producers signed a deal for the largest building.
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The Industrial and Logistics team at CBRE in Leeds, alongside Avison Young advised BentallGreenOak and Equation Properties on the acquisition and subsequent pre-letting. The 10-acre site was bought from Homes England in 2022.

Rob Vaughan, development director at Equation Properties, said: “We are thrilled to get this development underway with a pre-let to IFCO Systems UK.

"They are an expanding global business and are an essential part of the UK food supply chain requiring high-quality premises.”

Dirk Schaich, director supply chain and operations at IFCO Systems, added: “With Equation and Winvic we have found an experienced project developer and construction partner who shares our commitment to sustainability, implements our high environmental and efficiency standards in building development and supports our ambitious time and growth plans.”

Related topics:Wakefield