The site at Woodfield Road in Balby has been earmarked for a new industrial development.
CGI of Total Park development (image credit: Total Developments)
Keyland Developments Ltd, the property trading arm of Kelda Group and sister-company to Yorkshire Water, has agreed the sale of a South Yorkshire site earmarked for a new industrial development.
Unconditional contracts have been exchanged with Total Developments on the site at Woodfield Road in Balby, which is currently allocated for employment use.
Subject to planning approval, the site could accommodate a industrial development with a potential gross development value (GDV) of circa £30m including 233,500 sq ft of accommodation over five units. A scheme of this scale would support about 95 construction related jobs.
Total Developments is currently on site on its Total Park development on adjacent land. Total Park will comprise five units totalling 376,419 sq ft with units ranging from 43,525 sq ft to 128,945 sq ft.
The new land acquired from Keyland Developments will form the second phase of development.
Matthew Turnbull, land and planning manager at Keyland Developments Ltd, said: "This land sale ideally complements the development being undertaken at the adjacent site. South Yorkshire is in real need of new industrial and logistics accommodation to meet rising demand, and by unlocking this strategic site we are enabling a significant amount of square footage to be delivered to the constrained market. Additionally, development will generate lots of jobs, during construction and beyond."
Henry Watson, Partner at M1 Agency, added: "The acquisition demonstrates our confidence in the South Yorkshire region where units below 150,000 sq ft are at an all-time low. Future supply of this size range states a chronic lack of supply across the region and especially within Doncaster.
"On top of the recent transactions across the region, we are still seeing a strong influx of distribution enquiries for new build space, focussing on strong ESG credentials, which is at the centre of Total Developments` strategy."
Total Park, Doncaster is a new industrial / logistics development of 5 units totalling 376,419 sq ft, with units from 43,525 – 128,945 sq ft. Occupiers at Total Park, Doncaster will be ideally located for nationwide logistics coverage and access to overseas markets. With the A1(M)/M18 intersection located just 3 miles from the site.
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