CPP appointed on major mixed-used development in Yorkshire
February 10th, 2020
Leading property consultants Commercial Property Partners has been appointed alongside Knight Frank, to market the commercial elements of ‘Project Unity’ a major regeneration and infrastructure project on behalf of joint venture Hargreaves Land and Waystone.
Planned to be one of Yorkshire’s largest regeneration projects, located adjacent to M18 at Junction 5 in Doncaster, the 250-hectare (618-acre) scheme is set to deliver over two million sq ft of employment space, 3,100 new homes, a new marina, school, transport hub and a range of open spaces.
Over the next 20 years the development is expected to inject over £900m into the local economy and create up to 7,000 jobs.
Work has started on a new Hatfield Link Road – a new 2.9km road which will connect the M18 to Stainforth, Hatfield and surrounding areas improving access to the motorway network for residents in local communities and is expected to complete before the end of the year.
Toby Vernon, Partner at CPP, added: “We are experiencing strong occupier demand in the South Yorkshire market with a number of active requirements for modern industrial and warehousing space.
“At a local level there are expanding businesses currently seeking space and the area continues to attract inward investment thanks to a strong labour market and its strategic location at the heart of the UK’s motorway network.
“We are delighted to have been appointed on this highly-anticipated scheme and we hope to attract a number of different occupiers from a wide range of sectors, complimenting the local community and providing thousands of jobs across Yorkshire.”
Stuart McLoughlin, Director at Waystone Hargreaves Land, added: “We have worked incredibly hard over the past 15 years to get to this point and it is fantastic to now be able to illustrate the scheme’s huge potential.
“Working with key stakeholders including Doncaster Council, Sheffield City Region and Homes England, we have demonstrated our commitment to the scheme and confidence in the location to develop a high quality masterplan that will create a first class environment for businesses and residents alike.
“We can deliver properties designed to suit occupier’s specifications and we are already in talks with a number of interested parties which is very encouraging at this early stage.”
The link road is being part-funded by Doncaster Council and Sheffield City Region. Homes England is supporting the extensive proposed housing programme.