Proposals for a 650,000ft² plus industrial and logistics scheme in North Yorkshire have secured planning approval.
Eshton Group in association with Castlevale won the approval for the 52-acre business park in Catterick at Junction 52 of the A1M motorway recently.
The £100m development is to be branded Catterick 52 and will be aimed at industrial occupiers to help overcome the national warehouse shortage. Eshton will be attracting tenants from across the UK, driving business and capital into the region to provide a significant economic boost. Once filled, it is estimated the development will facilitate the creation of c.1,250 jobs in the area.
James Chapman, Managing Director at Eshton, said: “This is a big step forward for the future of Catterick. Over the next few months, we’ll be kickstarting the project to ensure that as soon as possible, Catterick is able to reap the benefits of having a site of this scale in the area. Others like it in the North of England have unlocked huge capital and demonstrate how businesses can thrive when provided with the right environment.”
Catterick 52 is currently capable of accommodating large footprint buildings over 600,000ft² with direct motorway access. It will be jointly marketed Colliers and Dove Haigh Phillips.