A 838,000 sq ft new flagship prime logistics park, which could create thousands of new jobs on the site of the former Outokumpo works in Sheffield, has been given the go-ahead.
The plans by site owners Peel Logistics Property, for the major redevelopment of the former steel works, will breathe new life and employment opportunities back into a 50-acre brownfield site on land off Shepcote Lane, J34 M1.
Full planning consent was agreed for phase one comprising 179,000 sq ft of development, alongside outline permission, for the 660,000 sq ft phase two, by planners from Sheffield City Council today (July 24).
The Sheffield office of Knight Frank have been appointed along with CBRE and Moriarty & Co to market the highly prominent scheme ideally located in heart of the South Yorkshire Region, fronting the M1 motorway at J34.
Neil Dickinson from Peel Logistics Property said: “This is great news for Sheffield. We are very pleased to have secured planning permission on this prime site, which is ideally positioned to serve both national and urban logistics occupiers as well as the local and regional market.
“This is another positive step in our strategy to grow Peel Logistics Property into a leading UK logistics real estate development and investment management business.”
Knight Frank partner Rebecca Schofield added: “Peel Logistics Park will be an impressive and nationally significant 50-acre development site in the heart of the Sheffield City Region. We are confident that the site will prove attractive to the market and help satisfy the need for urban logistics predominantly driven by operators looking to offer enhanced delivery solutions to customers.’’
CBRE assisted with securing the planning consent. Two units are proposed in phase one, which will be accessed off Shepcote Lane. Unit one will be 45,000 sq ft and unit Two 134,000 sq ft which we hope to be on site with later this year.
Phase two of the development comprises approximately 34.5 acres of land and can accommodate a further 660,000 sq ft
Planning permission has been granted for B1, B2 and B8 use.
Peel Logistics Park is close to Meadowhall Shopping Centre, Meadowhall Retail Park, Valley Centertainment and the new Sheffield IKEA store. It has immediate access to J34 of the M1 motorway, six airports within a 90 mile drive with 75 per cent of the UK within a 4.5 hour HGV drive.
For further information contact Rebecca Schofield at Knight Frank on 0114 272 9750.