New manufacturing and distribution development on site this week
31 Mar 2015
Work on the £5m construction of 80,000 sq ft industrial premises for modern manufacturing, Logic Leeds has started on site.
The contract to build the new 80,000 sq ft unit in Leeds City Region Enterprise Zone, was awarded to Esh Build and forms part of the largest speculative project of its kind in West Yorkshire since the recession.
David Wells, developer director of Muse Developments in Leeds said: “We are delighted to be on site with the first building at Logic Leeds, which will set the tone for the whole development.
“Esh have a proven track record of completing projects on time and within budget and we’re confident that they will deliver a high-quality unit which will prove very attractive to potential occupiers.”
The construction follows planning approval and the signing of a landmark £2.5m grant agreement with Leeds City Council, funded through the government’s Building Foundations for Growth programme.
Cllr Richard Lewis, Leeds City Council’s executive member for transport and the economy said: “This is another significant step forward for the Leeds City Region Enterprise Zone. The council has worked proactively with developers and the Leeds City Region Enterprise Partnership to get development moving in the enterprise zone.
“We now have 260,000 sq ft of industrial space under construction and committed, presenting manufacturing and supply chain companies with a prime location for expansion, consolidation and relocation of their operations.”
As part of the Leeds City Region Enterprise Zone, Logic Leeds benefits from a range of incentives for occupiers. These include a discount on business rates, worth up to £275,000 per business over a five-year period; a simplified and accelerated planning process; an opportunity for enhanced capital allowance claims; and high-speed fibre-optic broadband.
The marketing agents for the development are the Leeds offices of Knight Frank and Carter Towler.