Henry Boot PLC has announced a significant deal at Wakefield Hub, one of the largest industrial developments in the North of England.
HBD, the Group’s property development business, will deliver a 260,000 sq. ft. industrial unit on behalf of a German pharmaceutical company. Subject to securing planning in mid-2021 work is expected to start on site in the second half of 2021 with the total GDV in excess of £30m.
Spanning 200-acres, Wakefield Hub is a joint venture partnership with developer, Yorkcourt, and is an important scheme for both the city and the wider region. Injecting crucial inward investment has the potential to create hundreds of new jobs, supporting a thriving economy.
One of the best locations for industrial and logistics operators in the North, the scheme offers unrivalled access to the M62, M1 and A1 and has seen strong interest from potential occupiers.
Henry Boot continues to prudently seek out new opportunities to grow the Group’s development pipeline which is focussed on three long-term markets: industrial and logistics, residential, and urban development.
Ed Hutchinson, Managing Director of HBD, said:
“This is the latest in a series of deals at Wakefield Hub, which has been very well-received by the market. Planning applications are already in the system for a further 2.2m sq. ft. at the scheme and we look forward to announcing further deals in due course.”