Speculative development confirmed for Sheffield logistics site

Speculative development confirmed for Sheffield logistics site

Acting on behalf of PLP (Peel Logistics Property), the CBRE Leeds Industrial Team, alongside joint agents Knight Frank and Moriarty & Company, have been instructed to bring Bessemer Park to the market.

PLP are redeveloping the former Outokumpu steel works on Shepcote Lane, Sheffield to deliver a prime industrial and logistics park. Following the tender process to appoint a contractor, Phase 1 construction will start on site in January 2019 on a speculative basis.

Bessemer Park will be delivered in two phases. Phase I includes the construction of two industrial/warehouse units, comprising 45,000 sq ft and 134,000 sq ft programmed for completion Q4 2019.

Phase II will provide further industrial and logistics accommodation on the remaining 30 acres of land, where PLP can deliver build to suit options depending on future occupier requirements of up to 500,000 sq ft.

The site benefits from direct access onto the strategic motorway network from Junction 34 of the M1 motorway and is a well-established location for manufacturing and logistics with notable occupiers, including Clipper Logistics, Boeing, McLaren Automotive, Great Bear and M&S.

Mike Baugh, Senior Director, Industrial team, CBRE Leeds, said: “We are delighted to act for PLP on Sheffield’s largest and most high-profile new employment site.  Bessemer Park represents a unique opportunity for the city and regional industrial and logistics market, where supply, particularly in the M1 corridor, is limited.”

CBRE’s Leeds Planning and Development team secured planning approval from Sheffield City Council’s Planning Committee in July on behalf of PLP.

Oliver Freer, Planning Director in CBRE’s Leeds office, said: “We are delighted to have secured planning permission for Bessemer Park. The development will boost the local economy in terms of GVA, as well as attracting inward investment into the wider City Region.

Rebecca Schofield, Partner, Knight Franks added: “This scheme will provide much needed space in the heart of Sheffield where there is currently limited supply.  Its location will appeal to both local Sheffield occupiers and those from further afield looking to maximise on the development’s prime location and excellent transport links for the M1.”