Acting on behalf of Peel Logistics Property, CBRE’s Industrial team in Leeds has been appointed as joint agents alongside Knight Frank and Moriarty & Co to market Peel Logistics Park, Sheffield. The industrial/distribution park is strategically located just off Junction 34 of the M1.
Planning has been submitted for a potential 834,000 sq ft of office and industrial space on the site of the former Outokumpu steel works. Outokumpu Group sold the land to Peel Logistics in early May. Peel Logistics will create a new flagship logistics park with development starting in 2018.
The prime site consists of 48 acres of brownfield land, on which the team will develop high quality industrial and logistics units immediately adjacent to and with a large frontage to Shepcote Road. It will accommodate units from 30,000 sq ft and will provide one of very few opportunities in the M1 corridor of this scale which offers direct motorway access and easy connections with Sheffield City Centre.
Peel Logistics Park is close to Meadowhall Shopping Centre, Meadowhall Retail Park, Valley Centertainment and the new Sheffield IKEA store, due to open later this year.
Mike Baugh, CBRE’s Senior Director, Industrial & Logistics team said: “This is a superb site which is ideally placed to serve both urban logistics and manufacturing occupiers and will offer flagship space on a strategically located site.”
Neil Dickinson, Peel Logistics Chief Operating Officer added: “This project is a great opportunity to deliver more than 800,000 sq ft of new logistics space by regenerating a dormant site and potentially creating thousands of jobs in the region.”