Logic Leeds hub is close to completion
MUSE DEVELOPMENTS’ 15 year regeneration of its award-winning Logic Leeds logistics hub is nearing completion, following the sale of the final two units.
Work has now started on site to build the units, totalling just over 100,000 sq ft on the flagship £150m scheme.
Logic Leeds, strategically located by Junction 45 of the M1, has delivered over 1.2m sq ft of prime employment space in the last seven years.
Pegasus World Holding Group, which already owns a 31,500 sq ft building at Logic Leeds, has agreed the forward purchase of a 61,500 sq ft unit to increase its investment portfolio in the region.
The company distributes textiles for the hospitality and health care sectors as well as supplying vital PPE products nationwide in the fight against the pandemic.
The other unit has been sold to
Samuel Grant Packaging, a neighbouring Yorkshire-based packaging company which has agreed to forward fund the construction of a 40,000 sq ft building which will be used for the storage and distribution of its products.
GMI Construction has been appointed as the contractor to deliver the units, which are due for completion towards the end of 2021.
Thousands of jobs have been created at the 110-acre Logic Leeds hub since it was first developed in 2016.
High-profile occupiers include Amazon, John Lewis and Premier Farnell.
James Scott, development director of Muse Developments, said: “These two deals represent the final chapter of the Logic Leeds success story and the culmination of a hugely successful year for the scheme.”