Tuesday, December 15, 2020

News: Planning consent for M18 development

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Stretton Property Group has successfully secured outline planning consent for over 720,000 sq ft of prime industrial opportunities at Interchange Park, J1 of the M18 in Rotherham. The development has the capacity to create over 1,000 regional jobs.

Rothbiz reported last month that the plans were set for approval after information regarding the transport impact and access was updated.

The planning consent granted to Stretton Property Group from Rotherham Council will bring forward a new logistics warehouse development to address chronic regional shortages of prime, Grade A industrial accommodation to meet the continued high levels of demand across the sector. Stretton has appointed the industrial agency teams at CBRE and M1 to market the scheme.

The 40 acre Cumwell Lane site, located strategically at the tip of the M1/M18 triangle, has outline planning consent to deliver up to 720,000 sq ft of B2, B8 and E(g) employment space. The scheme can accommodate a range of Grade A industrial warehouse unit sizes, suitable to a variety of occupiers. The units will be designed to incorporate office accommodation and extensive parking.

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Agents say that the development comes at a time where there is an acute lack of supply across the region and as a result, the scheme is expected to attract a mix of regional and national occupiers looking to be strategically located within Yorkshire.

Edward Chantler, Group CEO at Stretton Property Group, said; "We are delighted to have secured consent to unlock this strategic, job creating site and to facilitate the delivery of much needed stock for the Yorkshire industrial market. The regional logistics sector continues to go from strength to strength and we are pleased to bring Interchange Park to the market to deliver a range of opportunities for occupiers in South Yorkshire."

Mike Baugh, senior director of industrial agency at CBRE, added: "It's fantastic news that Stretton Property Group has secured outline planning for Interchange Park. Yorkshire will represent around 30% of all the UK logistics take-up this year due to its appeal to a wide range of occupiers. As a result, we are experiencing severe shortages of big box supply in the region and Interchange Park is hitting the market at the right time to satisfy occupier demand. The site's key location and the potential range of accommodation opportunities make the development an excellent choice for a wide variety of occupiers."

Interchange Park website

Images: Stretton / CBRE

3 comments:

Mr me December 15, 2020 at 4:16 PM  

Totally not needed development probs stand empty for years like one built near junction 4 M18, just keep g construction industry working at expense of greenfield sites, with cobblers about jobs!

Anonymous,  December 16, 2020 at 1:30 PM  

That part of Hellaby and Bramley will become a ghost town soon enough!

Anonymous,  February 1, 2021 at 10:07 AM  

this is a disgrace we already have a huge industrial area at hellaby plus the council have moved in with all their lorries also the train is coming through now you want more industrial with a huge warehouse .hellaby does not need this .it was a very desirable area to live before we got choked with industrial business .a lot of units are empty on the industrial park tell me why do we need more ?

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