Glencar picked for Leeds industrial
Logistics developer Baytree has selected the construction firm to deliver units of 76,000 sq ft and 145,000 sq ft qt in Stourton, with work due to start in November.
This is the first phase of what will be known as Baytree Leeds, and is being developed speculatively.
Approximately 3m south-east of Leeds city centre close to Junction 7 of the M621, it will be built to BREEAM Outstanding, EPC A and WELL ready standards, the developer said.
Construction is expected to take 37 weeks, with the buildings expected to be ready for occupation by July 2024.
This will be Glencar’s third instruction from Baytree, a firm launched as a pan-European prime sheds vehicle by AXA Investment Managers Real Estate in 2015.
Commenting on the repeat work, chief executive Eddie McGillycuddy said: “Baytree are at the absolute vanguard of cutting edge sustainable development creating technology enabled buildings designed with flexibility for future change and with the health and well-being of building users firmly in mind.
“As such Glencar are delighted to be working in partnership again to bring forward this impressive scheme.
“This will serve as the third instruction we have received to date following impressive schemes in Milton Keynes and more recently in Nuneaton for Rhenus in what is one of the most sustainably advanced buildings of its type anywhere in the world.
“Through this our project teams are developing advanced skills and knowledge in sustainable development across a range of technology enabled features, materials and clean air, water, soil and energy. We are very much looking forward to getting on site and delivering an outstanding product that we have become known for.”
Casey Ferguson, Baytree’s development manager for the Baytree Leeds development, said: “The first phase will consist of two units totalling 222,000 sq. ft, providing premium warehousing in an unrivalled location in West Yorkshire, capable of accommodating both national logistics and urban warehousing requirements.
“There is currently a significant lack of supply for good quality buildings in the Leeds and West Yorkshire market, and we are hoping to capitalise on this supply imbalance by providing best in class buildings in a market that still shows strong demand.”
The joint agents for the scheme are DTRE and JLL.