Investor forward funds 260,000ft2 Wakefield warehouse

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Work is set to begin on a 260,000ft2 industrial unit at Wakefield Hub following a forward funding deal and land sale between Newmarket Lane – a joint venture partnership between developers HBD and Yorkcourt – and investment company Aberdeen Standard.

The deal will see work begin within weeks on the new unit, which will be occupied by a German Pharmaceutical company.

Wakefield Hub is a 200-acre industrial and logistics development and this will be the third scheme on the site following a 65,000ft2 unit for Kitwave which is due to complete in February 2022, and a 2 million ft2 building being brought forward by Mountpark.

Infrastructure and enabling works continues to progress quickly at Wakefield Hub, including the completion of a new highway to create a new link road from east to west.

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