Market Leads & Opportunities

Planning secured for £24m development in Yorkshire

Source: https://www.bdcmagazine.com/

Network Space has secured outline consent for a £24million industrial development at Vector 31 West in Rotherham, close to Junction 31 of the M1.Network Space will now advance plans for up to 254,000 sq. ft of E(g), B2 and B8 employment space on the 22-acre site. Indicative plans approved show between 7 and 9 self-contained, detached units ranging from 12,500 sq. ft to 75,000 sq. ft, with design and build opportunities also available. The development could create in excess of 500 jobs once completed.Network Space has a long history with this former colliery site having delivered more than 160,000 sq. ft of industrial space across two phases at the adjacent Vector 31 development. The first phase was fully occupied within a year of completion in 2008 and is currently occupied by a range of national and international businesses, including parcel delivery giant Hermes.The Vector 31 Networkcentre was sold in 2018 in a £91 million deal to InfraRed Capital Partners Limited as part of a 1 million sq. ft portfolio of 25 industrial sites and two development sites.Network Space was supported in its application by Harris Partnership, Walker Sime, Spawforths, Tetra Tech and Infrastructure Planning & Design. Knight Frank is appointed as agent with NSM set to provide asset management services.