A 63-acre logistics site in Nottinghamshire has been sold and is set to be developed into a distribution centre for a global firm.
DHL is understood to be the group which has bought Manton Wood in Worksop. It is expected to create a 538,230 sq ft centre at the site and will act as a strategic warehouse for the firm in the East Midlands .
Located next to the A57, the sale was secured by Network Space Developments which had already secured outline planning permission for the project. The permission included an access junction on to the A57, which was completed in 2018.
Construction is due to start on site later this year.
Stephen Barnes, managing director (development) at Network Space said: “The sale of Manton Wood holds a great deal of importance and opportunity for Worksop and wider region, not least for the number of new jobs which will be created.”
Councillor Simon Greaves, leader of Bassetlaw District Council, added: “We are delighted that another internationally-renowned company will be basing their state-of-the-art East Midlands Supply Chain operations within the borders of Bassetlaw and North Nottinghamshire.
“This major investment shows the confidence they have in our district to provide essential connectivity and transport links, as well as the skills base and workforce that will help to fill the high number of jobs that will be created for local people on this site.
“I’d like to personally welcome the company to Bassetlaw and I hope that other potential investors see this as another sign that Bassetlaw is open for business.”
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Network Space has provided industrial workspace and and warehousing for more than 30 years and is planning to deliver 2.5 million dq ft of industrial property over the next five years.
The appointed agents on the development were CPP and Colliers.
Toby Vernon, of CPP, described the Manton Wood deal as a "significant transaction" in the logistics sector.
He added: "The news is fantastic for the region with the first phase being delivered in 2020 and further built space to follow.”
Network Space has been providing industrial workspace and warehousing for over 35 years and intends to deliver 2.5 million sq ft of industrial property over the next five years.