Keyland Developments Ltd, the property trading arm of Kelda Group and sister-company to Yorkshire Water, has agreed the sale of a circa 15 acre site in Balby, Doncaster to Total Developments Limited for the creation of a new industrial development.
Unconditional contracts have been exchanged on the site at Woodfield Road in Balby, which is currently allocated for employment use. Subject to planning, the site could accommodate a high-quality industrial development with a potential GDV of circa £30M including 233,500 sq ft of accommodation over 5 units. A scheme of this scale would deliver around 95 construction related jobs.
Total Developments are currently on site with works commencing on their Total Park development which sits on adjacent land. Total Park will deliver 5 new units totalling 376,419 sq ft with units ranging from 43,525-128,945 sq ft. The new land acquired from Keyland Developments will form the second phase of development.
Doncaster is a proven logistics location and with the site sitting close to J3 of the M18, the A1(M)/M18 intersection and also only 3.4 miles from iPort, the developments delivered by Total Developments are set to address the chronic shortages of high-quality, well located industrial and warehousing stock. Nearby occupiers include Amazon, Tesco, Screwfix and IKEA.
Matthew Turnbull, Land & Planning Manager at Keyland Developments
Henry Watson, Partner at M1 Agency