Monday, March 4, 2013

News: Dinnington development land comes to market

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Acting on behalf of the Homes and Communities Agency (HCA), the Industrial Agency team at CBRE Leeds has brought a major development opportunity in Rotherham to the market.

17.56 hectares of employment development land is available on the site of the former Dinnington Colliery. It is the second phase of the highly successful regeneration of the 34 hectare site that has created over 40,000 sq m of employment space created.

The HCA, the national housing and regeneration agency for England, recently sold a 1.10 hectare Dinnington plot at auction, with a 0.67 hectare plot, the last remaining from phase one.

The area is a popular business location and inward investors include Johnston Press, who invested £60m in a state of the art printing facility. Leading companies on the park include construction experts, Macalloy; Assured Fire and Security; Marussia Manor Racing; and innovative security company, Connexion2.

In addition, work is well underway on the £14.7m transport scheme to upgrade the A57 from junction 31 of the M1 to Todwick crossroads.

The HCA took ownership of the site following the demise of Yorkshire Forward. It estimates that 620 jobs have been created so far and expects 2,408 jobs to be created as the scheme progresses.

It is one of three sites that CBRE is marketing on behalf of the HCA. Dave Cato, associate director at CBRE Leeds' Industrial Agency team, said: "The three HCA sites all provide significant development opportunities for any interested parties, a fact evidenced in the early interest in all three sites.

"The sites are a positive addition to the industrial development opportunities currently on the market and we can disclose pricing upon request."

CBRE website

HCA website

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