Total Developments Ltd has acquired a 16-acre site with planning consent in place for 265,000 sq ft of mixed-employment development.The vacant site occupies a key location fronting the A63 in the Aire Valley area of Leeds and its development has the potential to provide up to 500 new jobs for the area.

The sale of the site was completed by Keyland Developments Ltd, the property trading arm of Kelda Group and sister-company to Yorkshire Water, following a market campaign by industrial property specialists Gent Visick.

“We are delighted to announce the sale of this site, which is one of the most strategically linked development opportunities in the region,” said Ryan Unsworth, development manager at Keyland Developments Ltd. “The shortage of industrial accommodation across the wider Yorkshire area is well-known and bringing forward this development will significantly help to manage the lack of available, new industrial space.”

The approved scheme will provide 265,000 sq ft of B1, B2, and B8 industrial and commercial space, creating a prosperous new employment hub that can be accessed directly off the A63 East Leeds Link Road Thornes Farm Roundabout.

“The level of interest received through our marketing is indicative of the quality of this asset,” said Rupert Visick from Gent Visick.“Total Developments purchased the site on an unconditional basis against stiff competition which is testament to their faith in the location and belief in the strength of the market for mid-sized distribution boxes.”

The site is located off Pontefract Lane between the existing Cross Green Industrial Estate and the Leeds City Region Enterprise Zone, giving easy access to the M62 motorway, as well as a direct link into central Leeds.