BRADFORD-based property company Frank Marshall Estates has bought a prime development site at J27 of the M62 in south Leeds for £1.2 million.
The award-winning developers purchased the four-acre site at Gildersome Spur 62 Leeds, by the M621 and M62 from namesakes Marshall CDP of Elland.
Edward Marshall, director of Frank Marshall Estates, promised to create “one of the most vibrant and successful multi-let industrial parks in the area”.
He explained that the development would comprise 60,000 sq ft of quality industrial and office space and an eight-unit, 13,840 sq ft Nano Park, featuring prime workshop and office space.
“This is a fantastic opportunity to create much-needed employment and business space for the Gildersome and south Leeds area. We estimate that the park, once it is fully developed out, will maintain 200 hundred new and sustainable jobs, providing a substantial boost to the area’s economy.”
Mr Marshall added: “This is a really great opportunity for us, being one of the most prime sites in West Yorkshire and we are very grateful to Marshall CDP. We look forward to working with them again in the future.”
“The location, so close to the M621 and the M62 with access to Yorkshire’s superb motorway network, is excellent. The M62 corridor in West Yorkshire is now widely regarded as an industrial property hotspot.
“At the same time, south Leeds is a well-established commercial centre with a large, skilled labour force. We are very excited about this project and can’t wait to get started.”
The firm has already built a fully-let 12,100 sq ft Nano Park next to their headquarters at Newhall in Bradford, with new Nano Parks currently being developed in Armley and Wakefield
The Nano Park model creates small employment space, providing an ideal base for small and fledgling companies and satellite operations for larger firms.
Simon Marshall of Marshall CDP added: “We are delighted that Frank Marshall Estates have bought the land and expect their proposed development will be well received by the local occupational market.”
The firm hopes to start on site early next year.
