£8m development breaks ground

£8m development breaks ground

Wilton Developments has announced it has appointed GMI Construction to deliver its new 83,000 sq ft commercial development on Newmarket Lane, in the heart of the Leeds City Region Enterprise Zone.

Kinetic 45, an £8m industrial and warehouse scheme, will be delivered speculatively as a standalone 60,000 sq ft industrial unit incorporating high quality office space and two smaller units of 11,000 and 12,000 sq ft, all of the buildings will have their own secure yards.

GMI Construction has started on site and the project will be ready for occupation in December this year.

Jason Stowe, managing director of Wilton Developments, said: “This is another Yorkshire success story as we have appointed GMI to deliver our second high-quality, speculative built industrial scheme in the Enterprise Zone, working alongside our Yorkshire based design team.

“We are confident we will receive a lot of interest in these high quality, well located units and look forward to helping to boost the local economy and create new jobs.”

Leeds City Council executive member for regeneration, transport and planning Councillor Richard Lewis said: “We are delighted to see work starting on another major new development within the Leeds City Region Enterprise Zone. It is especially pleasing to see local companies involved in the design and construction of this new Kinetic 45 development, which will provide a further boost to the local and regional economy, as well as creating new job opportunities in the months and years to come.”

Roger Marsh OBE, chair of Leeds City Region Enterprise Partnership (the LEP) commented: “Today’s announcement marks the next phase in the evolution of the Leeds City Region Enterprise Zone. I’m delighted that Wilton has selected a regional firm to deliver its latest development.

“Over the last three months we’ve seen interest and activity continue to build within the Enterprise Zone and with the industrial property market looking strong, I’m sure that Kinetic 45 will attract considerable interest from occupiers keen to take advantage of the site’s location and connectivity. Our Enterprise Zones are a key part of the City Region’s strategic economic plan and as the premier destination for logistics and e-fulfilment in the North of England, offers us a real opportunity to attract major occupiers and grow our economy.”

The Enterprise Zone comprises 142 hectares of prime employment land adjacent to the M1 motorway, just two miles from Leeds City Centre and is an ideal location for manufacturing and supply chain companies.

 

 

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