Network Space Developments has completed the sale of its 63-acre logistics site at Manton Wood, Worksop to a major global logistics company. The new owner is set to deliver a 538,230 sq ft distribution warehouse at the site which will operate as its strategic site for the East Midlands.
Outline planning permission for one million sq ft of logistics development at Manton Wood was secured by Network Space in 2015 and enabling works, including a new access junction onto the A57, were completed in 2018. The site is situated on the south side of Worksop only two minutes from the A1 and 15 minutes from J31 of the M1.
The new owner secured reserved matters approval in June 2019 for “a state of the art” 18m to 28m high bay, high specification distribution warehouse with construction due to start on site later this year.
Stephen Barnes, managing director (development) at Network Space said: “The sale of Manton Wood holds a great deal of importance and opportunity for Worksop and wider region, not least for the number of new jobs which will be created.”
Cllr Simon Greaves, Leader of Bassetlaw District Council said: “We are delighted that another internationally renowned company will be basing their state-of-the-art East Midlands Supply Chain operations within the borders of Bassetlaw and North Nottinghamshire.
“This major investment shows the confidence they have in our district to provide essential connectivity and transport links, as well as the skills base and workforce that will help to fill the high number of jobs that will be created for local people on this site.
“I’d like to personally welcome the company to Bassetlaw and I hope that other potential investors see this as another sign that Bassetlaw is open for business.”
CPP and Colliers are the appointed agents on the Manton Wood development.
Toby Vernon of CPP commented: “We are delighted to have been involved in the sale which represents a significant transaction in the logistics sector. The news is fantastic for the region with the first phase being delivered in 2020 and further built space to follow.”
Network Space has been providing industrial workspace and warehousing for over 35 years and intends to deliver 2.5 million sq ft of industrial property over the next five years.