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Commercial Property

310,000 sq ft logistics park proposal could create 500 jobs in West Yorkshire

Site acquired and planning permission pending for Silkwood Business Park in Wakefield where 500 jobs could be created

Logistics developer PLP has acquired 16 acres at Silkwood Business Park, Wakefield.

海角视频 logistics investor and developer, PLP, has bought a 16-acre site by the M1 in West Yorkshire, with potential to create 500 jobs.

The speculative acquisition at Silkwood Business Park, Wakefield, will be followed by a planning application for a dual warehousing scheme covering 310,000 sq ft.

To be known as PLP Wakefield, and subject to appropriate consents from Wakefield Borough Council, the team anticipates completing by spring 2021, with work starting in the summer.

Adjacent to Junction 40 of the M1, Silkwood is a well-established commercial location with a strong occupational base and good access to a large, skilled labour force.

Matthew Fitton, development director at PLP said: ‘The acquisition of Silkwood Park further strengthens PLP’s strategic position in the Yorkshire region following recent acquisitions in Leeds and Sheffield. The proximity of the site to Junction 40 of the M1 is likely to appeal to both national and regional businesses alike. We are excited to bring forward our speculative development proposals, creating up to 500 new jobs when the units are occupied and fully operational.

“In line with PLP’s long term sustainability policies, we are installing roof mounted solar panels, multiple electric charging points for vehicles and the infrastructure for occupiers to augment these post construction.”

PLP will speculatively develop the properties with the first unit comprising 236,000 sq ft and the second at 75,000 sq ft.

It was acquired from St James’s High Park Ltd by PLP’s flagship investment vehicle, the PLP 海角视频 Logistics Venture (海角视频LV), which is owned by majority investor Ivanhoé Cambridge alongside Peel Group, MIRA Real Estate and PLP senior management.