Planning consent has been secured for a £24 million industrial development at Vector 31 West in Rotherham which could create more than 500 jobs once completed.
Developer Network Space will now advance plans for up to 254,000 sq. ft of E(g), B2 and B8 employment space on the 22-acre site.
Indicative plans approved show between 7 and 9 self-contained, detached units ranging from 12,500 sq. ft to 75,000 sq. ft, with design and build opportunities also available.
“Vector 31 West is extremely well located, just minutes from Junction 34 of the M1, and we are looking forward to building on the success of our previous developments at Vector 31,” said Simon Eaton, Development Manager at Network Space.
“Our intention now is to progress the development of a first phase of speculative, high quality employment units that will satisfy regional market requirements as well as national occupier needs.
“Simultaneously, we will be marketing the site for design and build opportunities to come forward alongside our development.”
Rebecca Schofield, Partner at Knight Frank, added: “We are continuing to see strong interest for industrial and warehouse space across the South Yorkshire region, the quality of accommodation which Network Space will offer to the market will no doubt prove popular to satisfy demand.”
The Vector 31 Networkcentre was sold in 2018 in a £91 million deal to InfraRed Capital Partners Limited as part of a 1 million sq. ft portfolio of 25 industrial sites and two development sites.
Network Space was supported in its application by Harris Partnership, Walker Sime, Spawforths, Tetra Tech and Infrastructure Planning & Design. Knight Frank is appointed as agent with NSM set to provide asset management services.