Harworth clear to start £190m logistics hub
The developer plans to deliver 1.5m sq ft of logistics space in Selby as part of its strategy of building out its land bank.
North Yorkshire Council’s Strategic Planning Committee has approved the development of the rail-connected hub at the 185-acre Gascoigne Interchange site in Leeds.
Work will start next year on seven units from 57,000 sq ft to 1m sq ft. The site is east of Leeds next to Sherburn Industrial Estate. The gross development value is expected to be £190m.
As well as using the existing mainline rail connection on the Leeds-Hull line the site will be accessed from Junction 42 of the A1(M).
Lynda Shillaw, chief executive at Harworth, commented: “Our development at Gascoigne Interchange is another example of Harworth’s unique ability to identify, acquire and transform brownfield sites to generate value, create jobs and increase investment in the region. This development complements Harworth’s extensive pipeline of industrial and logistics sites and we continue to see high demand for high-specification strategically connected Grade A industrial space.”
Harworth’s portfolio has a net asset value of more than £600m. The company reported a £50m annual profit in March.