Sterling Capitol and PLP agree to deliver prime Leeds logistics sites

Two of the most active commercial property companies in the north of England, Sterling Capitol and PLP, have entered into an agreement to deliver a 100-acre development in south Leeds.The development, which will be an extension of Sterling Capitol’s Capitol Park Leeds, by Junction 28 of the M62, has the capacity to create 2,000 new and sustainable jobs.An outline planning application for the site is scheduled to be submitted to Leeds City Council next month.Capitol Park Leeds is arguably the leading out-of-town business park in Leeds with premium occupiers including Barratt Homes, Hermes and NHS Shared Business Services.Sterling Capitol have also developed Capitol Park Barnsley and Capitol Park Goole, creating over 3,500 jobs. The company is also working with Strata Homes on the Barnsley West residential and commercial development by Junction 37 of the M1, which will create another 3,000 jobs.Meanwhile PLP, which was established in 2015, is a specialist UK logistics and industrial property business. The company acquires land and builds out prime industrial and logistics facilities, either speculatively or pre-let to blue-chip occupiers. It is extremely well-funded with a national remit and has recently made significant investments in the Yorkshire region where it is already developing and investing in four locations, either constructing or having completed six units in the last 12 months, ranging in sizes from 45,000 sq ft to over 500,000 sq ft, including the award-winning Bessemer Park development in Sheffield.