Frank Marshall Estates has bought a prime development site at Gildersome Spur 62 Leeds development in south Leeds for £1.2 million.
The developers purchased the four-acre site by the M621 and Junction 27 of the M62 from fellow developers and namesakes Marshall CDP of Elland.
Visiting the site this week, Edward Marshall, Director of Bradford-based Frank Marshall Estates, promised to create “one of the most vibrant and successful multi-let industrial parks in the area”.
He explained that the development would comprise 60,000 sq ft of quality industrial and office space and an eight-unit, 13,840 sq ft Nano Park, featuring prime workshop and office space.
“This is a fantastic opportunity to create much-needed employment and business space for the Gildersome and south Leeds area,” he said. “We estimate that the park, once it is fully developed out, will maintain 200 hundred new and sustainable jobs, providing a substantial boost to the area’s economy.”
Frank Marshall Estates bought the land from Marshall CDP in an off-market deal.
“This is a really great opportunity for us, being one of the most prime sites in West Yorkshire and we are very grateful to Marshall CDP,” said Mr Marshall.
He added: “We will now be working closely with Leeds City Council over planning and, all being well, we hope to start on site early next year. Watch this space. This is going to be a development of which Gildersome and south Leeds will be really proud.”