The sale to a Canadian-led consortium of a Leeds site could mean work on the 850,000sq ft M1 motorway scheme starts on site in summer next year.
Harworth Group plc and Evans Property Group sold the 43-acre Gateway 45 Leeds site to PLP
which is owned by majority investor Ivanhoé Cambridge alongside Peel Group, MIRA Real Estate and PLP management.
PLP will now work with Evans and Harworth to begin earthworks and on and off-site infrastructure, alongside the submission of a reserved matters planning application to Leeds City Council of four units.
The Gateway 45 site is adjacent to Junction 45 of the M1 that extends to 166 acres and has outline planning consent for 2.64 million sq ft of commercial space