The Leeds Valley Park speculative industrial development, which fronts the M1 and M621 motorways, has reached practical completion with units now ready for occupation.
The scheme, delivered by Caddick Developments and funded by Greater Manchester Pension Fund (GMPF), comprises 300,000 sq ft of warehouse space across six units, ranging between 25,000 and 70,000 sq ft. CBRE, Carter Towler and Avison Young are marketing the urban logistics scheme on behalf of GMPF.
Danielle Raunjak, Associate Director, CBRE Leeds team, said: “The Leeds Valley Park scheme is set to become a key strategic logistics site for the city and sector. The development benefits from being close to major motorways linking the north, south, east and west and will also provide major local employment opportunities.
“There continues to be a healthy level of demand for well-connected, mid-box developments and Leeds Valley Park will hugely contribute to the growth and success of the industrial and logistics market of Leeds and West Yorkshire.”
Kevin Etchells, Head of Real Assets, Greater Manchester Pension Fund, said: “Leeds Valley Park is a best-in-class scheme with high ESG credentials which offer an attractive proposition for occupiers looking to prioritise sustainability and future-proof their operations.
“The development delivers much needed warehouse space for the continued growth and success of the West Yorkshire market and economy. We look forward to welcoming tenants over the coming months.”
Rob Oliver, Principal, Avison Young, said: “We have been delighted with the interest shown to date in the scheme, both from occupiers already based in Leeds and the surrounding area, and from inward investors looking to establish a new West Yorkshire operation.
“It’s fantastic to have achieved practical completion on target, with the units presenting very well, and to be able to offer immediate occupation to companies.”
