One of the country’s largest property companies has today announced plans for a new lorry depot in an area which is already well-known for traffic issues.
Peel Logistics Property has acquired a prime 48 acre land site in Sheffield, South Yorkshire, right next to Meadowhall Shopping Centre, hoping to create thousands of jobs.
Traffic in this area has previously been a matter for debate, however, and only last week, Sheffield City Council revealed a £1.4m plan to tackle traffic around Junctions 33 and 34 of the M1.
This comes after concerns were raised about congestion which halted plans for a Meadowhall extension in the same area at the end of 2016.
A new Ikea development also came under fire last year because of plans for highways alterations to deal with increased traffic in the same area.
Peel Logistics believes the site is in a prime location for a lorry depot as it is next to M1 Junction 34, and close to both Sheffield city centre and Meadowhall.
Jeremy Greenland, Peel Logistics CEO, said: “We are very pleased to secure a prime site like this, ideally placed to serve both national and urban logistics occupiers. This project represents another positive step in our strategy to grow Peel Logistics into a leading UK logistics real estate development and investment management business.”
Neil Dickinson, Peel Logistics Chief Operations Officer, said: “This project is a great opportunity to deliver over 800,000 sq ft of new logistics space by regenerating a dormant site and potentially creating thousands of new jobs in the region.”
A planning application will be submitted later this year with development commencing in 2018.