East Yorkshire nod for Lovel
The Beverley-based developer has received approval under delegated powers for its 400,000 sq ft industrial site located on 23 acres off Junction 38 of the M62 at Newport.
The site was not previously allocated for employment space, however its location means it will essentially be an expansion of existing business parks, including Horncastle’s Green Park.
Lovel Developments believes the project has a potential GDV of £37.5m, and can now deliver 403,500 sq ft of new business space.
A planning application was lodged in August 2024, with a project team including Planning Prospects, UMC Architects, and CBRE.
Speaking at the time the application was submitted, founder Philip Lovel said: “We began by specialising in strategic housing projects and then expanded into the health sector and commercial.
“As our business grew, the search for a new home brought us to Newport, and we’ve had a front row seat here watching more businesses arrive and thrive.
“When this opportunity arose just a short distance from our offices we didn’t hesitate. We know from experience that it’s a great, strategic location and is in demand from a variety of business sectors, particularly as there is a limited supply of available space.
“We moved here because of the excellent road links to all points of the compass, we’re confident others will be eager to share those benefits and we’re currently working on similar projects elsewhere across Yorkshire, the East Midlands and the North West.
“In the East Riding there’s a strong need and market demand for employment land to accommodate predicted growth and meet occupier requirements in key sectors such as renewable energy, manufacturing and engineering, agriculture, food and drink and many more.
“These proposals are of a scale and quality which will help to promote and support employment growth and stimulate continued economic investment to the area, consistent with regional and local aspirations.”
