Peel L&P Celebrates Activity at GatewayEast

Peel L&P has celebrated a flurry of recent activity at its £1.7bn GatewayEast development in Doncaster.

Industrial developer Panattoni recently finalised contracts to purchase nearly 20 acres to build a 417,570 sq ft building for logistics and manufacturing use adjacent to the recently consented Central Plaza scheme, GatewayEast's planned new centre for retail, leisure and community use.

Panattoni expects to start construction later this year with the aim of completing the Panattoni Doncaster 420 facility in the summer of 2023.

Property investor GC Capital acquired the 47,000 sq ft Armstrong House office building on First Avenue, marking its first major investment in the East of England.

The two-storey building, owned by Peel since it first acquired RAF Finningley, is currently occupied by a mix of local businesses, who will continue to be based at the site.

Other recent activity at GatewayEast has included lettings at Trebor Developments' Avion development, including one to furniture retailer SCS, which are set to create about 200 jobs.

Marshall CDP has filled the first phase of its Kestrel Court development and is now starting work on the second phase. Rail services provider Dual Inventive has acquired one of the completed units creating 32 engineering jobs.

Neal Biddle, development director for Peel L&P's GatewayEast scheme, said: "These deals are a real sign of momentum for our GatewayEast development and it's testament to the ambition of our masterplan. This sustainable, and fully connected development is becoming increasingly more attractive as a location for living and working, with a focus on sustainability, technology, logistics and innovation.

"This recent activity shows that businesses have the confidence in our vision for the area with other developers willing to invest in bringing forward speculative schemes based on high demand which brings a range of employment opportunities and related economic benefits to the area."

Original source

Share: