A FORMER water treatment site in Cleckheaton has been sold with plans in place for an industrial park creating around 800 new jobs.
Keyland Developments, the property trading arm of Kelda Group and sister company to Yorkshire Water, has sold the 57-acre North Bierley Water Treatment Works to Opus North for an undisclosed sum.
Keyland secured planning consent last year from Kirklees Council to redevelop the site in Oakenshaw, which has been redundant for almost 20 years, into commercial development of around 400,000 sq ft of industrial and employment space.
In announcing the sale, the firm has also revealed that work is expected to start on site in the first quarter of next year, the development will be known as Interchange 26 and they are already in discussion with potential tenants.
The site is located near the intersection of the M62 and M606 Bradford link and was put on the market at the end of last year.
The purchase by Ilkley-based Opus North follows the delivery of several major retail schemes across the North of England and will add to its current £150m development programme.
The team will be appointing a contractor at North Bierley in the forthcoming months with work set to commence on site in the first quarter of 2020 delivering the first unit of around 370,000 sq ft industrial development, which will comprise freehold and leasehold units from 15,000 sq ft up to 125,000 sq ft.
Delivery of the new scheme, which will be known as Interchange 26, is scheduled to be completed by the first quarter of 2021.
Unlocking strategic, dormant land such as this across Yorkshire is critical to the region’s economic success and we are excited to see Opus North realise the wider vision for this important site” – Peter Garrett, Keyland Developments
Peter Garrett, managing director of Keyland Developments Ltd, said: “The sale of the North Bierley site will make significant headway in providing new industrial accommodation and employment opportunities in a region that is currently experiencing severe shortages. The delivery of a major employment scheme, as facilitated by the planning consent, will also help to support businesses in the local area and bring about new jobs. Unlocking strategic, dormant land such as this across Yorkshire is critical to the region’s economic success and we are excited to see Opus North realise the wider vision for this important site.”
Andrew Duncan, managing director of Opus North, said: “The acquisition of this key site forms part of our wider aspirations within the logistics sector where we see strong opportunities to deliver schemes of excellence to address the chronic shortages of high quality industrial and logistics space. This is an immediately deliverable opportunity for us and we are already in discussions with potential occupiers for the first unit at Interchange 26, which will be underway towards the start of next year.”
Keyland Developments Ltd has been operating across Yorkshire for more than 20 years, regenerating Yorkshire Water’s redundant sites.
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