CPP advise PLP on speculative 343,000 sq ft warehouse development
November 7th, 2019
PLP is pleased to announce the acquisition of a 17 acre development site at Smithywood Business Park in Sheffield and secured detailed planning consent for a single 343,000 sq ft logistics unit (“PLP Smithywood”).
PLP will speculatively develop the property, which will be one of the largest warehouses in the Yorkshire region. Construction will commence this year with completion in Autumn 2020.
Smithywood Business Park, adjacent to Junction 35 of the M1 motorway in Sheffield is a well established commercial location and home to occupiers such as DPD, Cutting and Wear and Arthrex.
PLP have acquired the site from joint owners St Pauls Developments PLC and The Norfolk Estate.
David Newton, Managing Director of St Pauls Developments PLC commented: “We always believed in Smithywood’s location, being so close to J35 M1, and this encouraged us to invest in the site to create a fully serviced, strategic land holding. PLP’s decision to purchase and develop 17 acres is exactly the type of deal we felt we could attract, and I am sure it will be a successful project for them.”
Matthew Fitton, Development Director at PLP commented: “Given the proximity of the site to the M1 motorway and Sheffield, PLP Smithywood will offer great accessibility and market connectivity. PLP has the confidence here to speculatively build one of the largest warehouses in the region.”
“In line with PLP’s long term sustainability policies, we’re installing roof mounted solar panels, multiple electric charging points for vehicles and the infrastructure to augment these post construction. We are also making a significant investment in the local ecology of the site, improving the biodiversity of the surrounding area.’’
“PLP Smithywood is likely to appeal to local and national businesses alike. Following our recent leasing success at PLP Bessemer Park in Sheffield, we look forward to delivering further investment in the Sheffield City region and the creation of up to 500 new jobs once the unit is occupied and fully operational.”
CPP have been appointed as leasing agents for the scheme.