10 September 2019
Keyland Developments sells 57-acre strategic industrial site to Opus North
Keyland Developments Ltd, the property trading arm of Kelda Group and sister company to Yorkshire Water, has sold the 57-acre North Bierley Water Treatment Works site in West Yorkshire to Opus North for an undisclosed sum. Opus North will start on site in Q1 2020 developing the first unit of a total circa 370,000 sq ft new industrial scheme designed to address regional supply shortages.
Keyland secured planning consent last year from Kirklees Council to regenerate the extensive site, which has been redundant for almost 20 years, into a major commercial development of circa 400,000 sq ft of industrial and employment space which could deliver some 800 new jobs. The site is located in a strategic position at the major intersection of the M62 Transpennine motorway and M606 Bradford link.
Our Real Estate team provided legal advice in relation to the sale on behalf of Keyland Developments.
Peter Garrett, Managing Director of Keyland Developments Ltd, said; “The sale of the North Bierley site will make significant headway in providing new industrial accommodation and employment opportunities in a region that is currently experiencing severe shortages. The delivery of a major employment scheme, as facilitated by the planning consent, will also help to support businesses in the local area and bring about new jobs. Unlocking strategic, dormant land such as this across Yorkshire is critical to the region’s economic success and we are excited to see Opus North realise the wider vision for this important site.”
Commercial Property Partner, Dawn Carlisle said: “We were delighted to assist Keyland in this significant transaction, which will result in further investment in the region, providing much-needed space for businesses to grow and delivering new jobs. Keyland have been regenerating strategic sites across Yorkshire for over 20 years, and we are pleased to support them in this work.”