New retail park pro­ject on eye­sore site to cre­ate 100 jobs

Yorkshire Post - Business - - BUSINESS -

AROUND 100 jobs are ex­pected to be cre­ated on a new retail park which is be­ing built on the site of a for­mer fac­tory.

Opus North, the Ilk­ley- based prop­erty de­vel­op­ment and in­vest­ment firm, has sold its lat­est retail park in Arm­ley, near Leeds.

Opus North is trans­form­ing the derelict four- acre site, which had be­come an eye­sore.

The firm has sold the lease­hold of a 20,000 sq ft Lidl su­per­store to Lidl.

The Palmer Cap­i­tal In­come Fund has bought the re­main­der of the site, with ten­ants B& M Home­store and Farm­foods on 15- year leases. To­gether, the sales raised £ 8m.

The com­pany se­cured plan­ning per­mis­sion to de­velop the site, which was pre­vi­ously oc­cu­pied by DENSO Marston, the ther­mal cool­ing sys­tems man­u­fac­turer.

Con­struc­tion work on the re- tail park has started and it is sched­uled to open in March next year.

The main con­trac­tors are Stain­forth Con­struc­tion, based in Ship­ley, near Brad­ford.

The park is al­ready fully let, with B& M Home­store oc­cu­py­ing 22,000 sq ft and Farm- foods 10,000 sq ft within the scheme.

An­drew Dun­can, the man­ag­ing di­rec­tor of Opus North, said “The de­ci­sion of high- pro­file re­tail­ers like Lidl, B& M and Farm­foods to move to our new retail park was a re­sound­ing en­dorse­ment.”

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