Member Article

Muse's Logic Leeds development given green light by the council

Logic Leeds, Muse Developments’ flagship 110-acre manufacturing and distribution development in the Leeds City Region Enterprise Zone, has been given the green light by Leeds City Council.

Following planning approval and the signing of a landmark £2.5 million grant agreement with Leeds City Council, funded through the government’s Building Foundations for Growth programme, construction of a speculative 80,000 sq ft industrial unit at Logic Leeds will begin.

This building, which will include 4,000 sq ft of offices and 100 car parking spaces, is the largest of its kind to be speculatively developed in West Yorkshire since the recession.

David Wells, development director of Muse, explained: “Now that full planning approval has been granted by Leeds City Council, our Logic Leeds development can start in earnest.

“The main construction contract is now out to tender and we anticipate starting work on site in November this year, with completion next summer.

“Planning approval, combined with the £2.5 million grant from the Department for Communities and Local Government which will fund the infrastructure to prepare a 5 acre site, gives the green light to our speculative development of the 80,000 sq ft unit,” he added. “We are tremendously grateful to Leeds City Council for their support.”

Mr Wells commented: “Logic Leeds is one of the most exciting developments to be undertaken in Leeds for many years.

“The 80,000 sq ft unit, which features four docks, two-level access doors and a large yard, is the largest speculative building of its kind to be developed in West Yorkshire since the recession.”

Tom Lamb, industrial property specialist with global property consultancy Knight Frank, who are marketing Logic Leeds with Carter Towler, said: “The news that Muse has been given the go-ahead to develop an 80,000 sq ft speculative unit at Logic Leeds should be warmly welcomed and it underscores the view that momentum is returning to the West Yorkshire industrial property market.

“It will also kick-start the Logic Leeds development, which has the capacity to create thousands of sustainable jobs for the Leeds City Region and beyond.

“We expect Logic Leeds to continue to attract significant interest from local, regional and national business alike, as development gets underway.”

Councillor Richard Lewis, Leeds City Council’s executive member for transport and the economy said: “There’s no doubt that the Leeds City Region Enterprise Zone offers unparalleled advantages in terms of scale, transport infrastructure, its proximity to Leeds city centre and to one of the UK’s biggest concentrations of manufacturing.”

Coun Lewis added: “That’s why the council has taken this proactive approach to secure funding and underwrite the developments to build on the momentum already achieved.

“I’m pleased that Muse Developments are pressing ahead with this great opportunity and I look forward to seeing these developments take shape and for companies coming forward to snap up the units.”

This was posted in Bdaily's Members' News section by Clare Burnett .