Joint property agents appointed to market flagship logistics park in Sheffield

Joint agents have been appointed to market Peel Logistics Park in Sheffield.

Acting on behalf of Peel Logistics Property, CBRE’s industrial team in Leeds has been named as joint agents alongside Knight Frank and Moriarty & Co.

The industrial/distribution park is located just off Junction 34 of the M1.

Planning has been submitted for a potential 834,000 sq ft of office and industrial space on the site of the former Outokumpu steel works.

Outokumpu Group sold the land to Peel Logistics in early May. Peel Logistics will create a new flagship logistics park with development starting in 2018.

The site consists of 48 acres of brownfield land, on which the team will develop industrial and logistics units, with a large frontage to Shepcote Road.

The site will accommodate units from 30,000 sq ft which will have direct motorway access and connections with Sheffield City Centre.

Peel Logistics Park is close to Meadowhall Shopping Centre, Meadowhall Retail Park, Valley Centertainment and the new Sheffield IKEA store, due to open later this year.

Mike Baugh, CBRE’s senior director, industrial & logistics team, said: “This is a superb site which is ideally placed to serve both urban logistics and manufacturing occupiers and will offer flagship space on a strategically located site.”

Neil Dickinson, Peel Logistics chief operating officer, added: “This project is a great opportunity to deliver more than 800,000 sq ft of new logistics space by regenerating a dormant site and potentially creating thousands of jobs in the region.”