Peel Logistics Property Acquires Prime 48 Acre Site in Sheffield to Develop Flagship Logistics Park
Peel Logistics Property (“Peel Logistics”) today announced that it has acquired a prime 48 acre land site in Sheffield, South Yorkshire to develop a new flagship prime logistics park. The cleared site has been acquired with vacant possession from Outokumpu Group.
The site is in a prime location for logistics uses given its direct adjacency to Junction 34 of the M1 motorway and proximity to Sheffield city centre and local retail offerings including Meadowhall Shopping Centre. A planning application for over 800,000 sq ft of space across multiple stand-alone facilities is expected to be submitted in Q3 2017 with development commencing in 2018.
Jeremy Greenland, Peel Logistics CEO, said: “We are very pleased to secure a prime site like this, ideally placed to serve both national and urban logistics occupiers. This project represents another positive step in our strategy to grow Peel Logistics into a leading UK logistics real estate development and investment management business.”
Neil Dickinson, Peel Logistics COO, said: “This project is a great opportunity to deliver over 800,000 sq ft of new logistics space by regenerating a dormant site and potentially creating thousands of new jobs in the region.”