A site in Doncaster with planning permission in place for industrial development has been sold to Oyster Capital.
Permission will regenerate the redundant land, which sits to the rear of Yorkshire Water’s Kirk Sandall treatment works, into some 90,000 sq ft of industrial space developed across approximately 79 units.
According to seller Keyland Developments, sister company to Yorkshire Water, the site has the potential to create up to 230 jobs for the Doncaster area.
The new development will meet local demand for industrial space to support growing businesses and attract those looking to locate in the area.
“The sale and resulting development of the Kirk Sandall site will have a positive impact on the local area through creating jobs at what will become a thriving site for local SMEs,” said Cameron Sanderson, Development Surveyor at Keyland Developments.
Eann Ramsay Smith, CEO at Oyster Capital, added: “The asset we acquired from Keyland is a typical regeneration play where there is strong local demand and a shortage of supply.
“Oyster have invested into the developer ‘Incubator Parks’ who build and rent industrial units for SME space. The site will offer small affordable units on short term flexible leases.”
Work on the site is expected to commence in Q2 2020.