The renaissance of East Leeds continues apace with the news that Blue Steel, a state-of-the-art 14,415sq m distribution centre will be ready for occupation this autumn. Work has just started on Blue Steel which is being refurbished to the highest specification.
The unit, situated just off Pontefract Lane on the East Leeds Radial Link Road which will form the eastern sector of the city’s ring road and join the M1 at J45, is the only new speculative unit of this size in Leeds and will provide excellent access to the city centre from the eastern gateway. The developer is London-based Progress Property Company.
Mike Haigh, partner with letting agent Knight Frank in Leeds, says that Blue Steel is being stripped back to its steel frame. “The loading is being improved, the yard area is being expanded and 10,300sq ft of high-quality, two-storey offices are being added. There is also extensive parking. Overall, the building provides a seriously specified strategic distribution facility which is being built to suit the needs of the modern occupier,” he adds.
West Yorkshire is currently attracting increasing numbers of companies looking for high-quality industrial space, thanks to the availability of labour, competitive wage rates and its improving roads network. Demographic considerations now play a major role in distribution companies’ property decisions.
According to Haigh, many logistics companies are now going where they can find the right sort of labour. Recent research undertaken by Knight Frank, based on government statistics, has shown that areas like West Yorkshire are prime locations where the demographic indicators score highly for distribution companies.