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matthew fitton

PLP buys Sheffield plot for speculative warehouse

Specialist logistics developer and investor PLP (Peel Logistics Property), has bought a 17 acre development site at Smithy Wood Business Park in Sheffield from St Pauls Developments and the Norfolk Estate where it will speculatively build a 343,000 sq ft warehouse. The site was sold subject to planning and having

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BDC 319 : Aug 2024

matthew fitton

PLP APPOINT JF FINNEGAN TO CONSTRUCT TWO UNITS AT PLP WAKEFIELD, SILKWOOD BUSINESS PARK

Sheffield based Construction Contractor J F Finnegan have secured the contract to construct two speculative units at Silkwood Business Park in Wakefield for PLP. The speculative development comprises the Design and Construction of two new build Industrial units totalling approximately 310,409 sq ft. The project incorporates a warehouse facility and integral mezzanine offices, respectively. Both unit 1 (235,409 sq ft) & unit 2 (75,000 sq ft) include a service yard, dock levellers and level access doors, car, trailer parking and external works. Matthew Fitton, Development Director at PLP said: ‘PLP is committed to the Yorkshire logistics market because of the region’s expertise in this essential part of the economic infrastructure of the UK. This speculative development project demonstrates both PLP’s commitment to the region and also the strength of the occupational demand in the Wakefield sub-market. With immediate proximity to Junction 40 of the M1, PLP Wakefield will appeal to both national and regional businesses. PLP Wakefield is a well-established commercial location with great amenity value, strong occupier base and access to a large, skilled labour force. We expect this development will potentially create up to 500 new jobs when these units are occupied and fully operational.’ As part of PLP’s sustainability policy on speculative buildings, the units will be delivered to a net zero carbon ready standard (as defined under the UK Green Building Council framework) and will achieve a BREEAM Very Good rating.  Sustainability initiatives include roof mounted solar panels, multiple electric charging points for vehicles and future proofed infrastructure to scale these installations post occupation.’ Dawa Singh, Head of Pre-Construction at J F Finnegan commented, “We are excited to have secured this project for PLP and look forward to working closely with PLP and Quartz Project Services. J F Finnegan have played a significant role in logistics and distribution warehouses within the South Yorkshire region for over 75 years.  We are passionate about Wakefield and proud to be a part of this latest redevelopment project which will enhance the local economy in the current economic climate.”

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PLP buys Sheffield plot for speculative warehouse

Specialist logistics developer and investor PLP (Peel Logistics Property), has bought a 17 acre development site at Smithy Wood Business Park in Sheffield from St Pauls Developments and the Norfolk Estate where it will speculatively build a 343,000 sq ft warehouse. The site was sold subject to planning and having received it, the new owner intends to get started on a speculative build as soon as possible. The facility will be one of the largest warehouses in the Yorkshire region. Construction will commence this year with completion in Autumn 2020. Smithy Wood Business Park, adjacent to Junction 35 of the M1 motorway in Sheffield is a well established commercial location and home to occupiers such as DPD, Cutting and Wear and Arthrex. Matthew Fitton, development director at PLP, said: “Given the proximity of the site to the M1 motorway and Sheffield, PLP Smithy Wood will offer great accessibility and market connectivity. PLP has the confidence here to speculatively build one of the largest warehouses in the region.” “In line with PLP’s long term sustainability policies, we’re installing roof mounted solar panels, multiple electric charging points for vehicles and the infrastructure to augment these post construction.  We are also making a significant investment in the local ecology of the site, improving the biodiversity of the surrounding area.’’ David Newton, MD of St Pauls Developments, said: “We always believed in Smithy Wood’s location, being so close to J35 M1, and this encouraged us to invest in the site to create a fully serviced, strategic land holding. PLP’s decision to purchase and develop 17 acres is exactly the type of deal we felt we could attract, and I am sure it will be a successful project for them.” The PLP platform is owned by MIRA Real Estate, Peel Group, Ivanhoé Cambridge and its senior management team. CPP have been appointed as leasing agents for the scheme.

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