Work has started on construction of a 223,000 sq ft urban logistics development in Leeds.
Called T45, the development will comprise 23 units ranging from 4,450 sq ft to 34,000 sq ft.
All units are available on a leasehold or freehold basis, and once complete the scheme will have a gross development value of around £46.5m.
T45 is on the A63 East Leeds link road within the Cross Green industrial area.
It is being delivered by developer Chancerygate in partnership with specialist sustainable and impact investor Bridges Fund Management.
Construction work on the 11.1-acre site is due to be completed in early 2026.
Chancerygate development director, Chris Brown, said: “T45 marks the first multi-let urban logistics scheme to be delivered in Leeds on this scale for a generation, and is Chancerygate’s first new build development in Yorkshire.
“T45 will boast stand out ESG credentials and excellent connectivity being situated less than a mile of the M1.
“This, coupled with the inherent lack of new-build multi-let industrial space in Leeds gives us strong reason to believe this will be well received by businesses in the Leeds City Region.”
Founded in 1995, Chancerygate currently has around 1.16 million sq ft of urban logistics space under construction or ready for development across 10 sites ranging from Edinburgh to Croydon.
Bridges’ property funds focus on sectors that support the transition to a more sustainable and inclusive economy, including healthcare, lower-cost housing and sustainable logistics.
https://couriernews.co.uk/blog/construction-begins-on-46-5m-logistics-hub/