Marks & Spencer is to delay the construction of its £67m distribution centre in Bradford as it slashes non-essential spending following a sharp fall in profits.
Developer ProLogis was due to start construction on the 1.1 million sq ft facility this year with completion in 2010. The completed development was set to provide up to 2,500 jobs.
In addition to warehousing and office space, the building would have included training rooms, onsite catering and staff facilities.
The Marks & Spencer facility is to be developed at ProLogis Park Bradford, a 90-acre business park located at the former West Bowling Golf Club, which has been earmarked by Bradford Council as premier employment land.
In a statement in September ProLogis said that the building would be built to achieve a minimum rating of Very Good under the BRE Environmental Assessment Method (BREEAM).
In addition, ProLogis committed to develop the facility to achieve carbon neutral status, offsetting any emissions produced during the construction process through the purchase of carbon credits and various organic reductions.
At full build-out, ProLogis Park Bradford will contain two buildings comprising up to 1.25 million sq ft of space. ProLogis plans to develop additional office and industrial space at the site on a build-to-suit basis, and is currently marketing the park to businesses with local and regional operations.
Dove Haigh Philips is advising ProLogis.