Peel Logistics Property (PLP) has submitted plans for a £150 million logistics development in Leeds.
PLP has submitted a reserved matters planning application for about 900,000 sq ft of prime urban warehouse space at PLP Gateway 45, Leeds. Subject to planning approval, PLP intends to build four warehouse units ranging from 60,000 sq ft to 400,000 sq ft, on a speculative and pre-let basis on he 43-acre site. Speculative construction is expected to begin in the first quarter of 2020.
The company believes that PLP Gateway 45 is a key strategic site given that it will be the only consented urban logistics development that is able to satisfy large scale occupiers of more than 300,000 sq ft within the Leeds City Region;
Hugh Chesterton, development director at PLP said: “PLP Gateway 45 is a prime example of the company’s ambitions to create nationally significant ‘edge of conurbation’ logistics parks with immediate access to improving infrastructure.
The site benefits from access to the M1 motorway via Junction 45, improving local infrastructure, housing supply and occupier amenities, and Government Enterprise Zone status.
PLP is owned by MIRA Real Estate, Peel Group, Ivanhoé Cambridge and its senior management team.