There has been a re-emergence of speculative industrial development in West Yorkshire after a brief respite in 2017, according to Knight Frank’s industrial division.
Iain McPhail, partner and head of the Leeds industrial and logistics team, pointed to a handful of developments already underway in the region, with several more in the pipeline.
He said the schemes would go “some way to re-balance the lack of supply experienced by occupiers in the last few years.”
Leeds City Council’s three-unit speculative scheme branded Trilogy@Logic, which comprises around 100,000 sq ft of space, completed in June.
Meanwhile, Towngate has begun construction of phase one of Towngate Link, which consists of a two-unit development in east Leeds.
Along the M62 corridor, the Barwood Capital and BA Pension fund joint venture has recently been granted detailed planning consent for ‘Super G’, a new 258,000 sq ft distribution facility located off Junction 32 of the M62 which will represent the largest speculative ‘big shed’ in West Yorkshire.
Gregory Property Group has also pushed the button on its 9.75 acre Park 32 development in Pontefract.
Finally, joint venture partners Pendle Russell have begun the final phase of Baildon Business Park near Bradford.
Mr McPhail added: “It’s an exciting time for the industrial market.”