Stretton Property Group has successfully secured outline planning consent for over 720,000 sq ft at Interchange Park, at Rotherham .
Developers say the site close to junction 1 of the M18 motorway will help address a “chronic regional shortage of prime, Grade A industrial accommodation.”
The 40 acre site at the tip of the M1/M18 triangle will incorporate office accommodation and extensive parking.
“Yorkshire will represent around 30% of all the UK logistics take-up this year due to its appeal to a wide range of occupiers,” CBRE director Mike Baugh said.
“We are experiencing severe shortages of big box supply in the region and Interchange Park is hitting the market at the right time to satisfy occupier demand. The site’s key location and the potential range of accommodation opportunities make the development an excellent choice for a wide variety of occupiers.”
Stretton has appointed the industrial agency teams at CBRE and M1 to market the scheme.