Opus North and Bridges Fund Management have been given a go-ahead for the delivery of their City Fields scheme in Wakefield, West Yorkshire.
The move follows the acquisition of a 31-acre site in July last year from Keyland Developments.
The proposals include the development of 500,000 sq ft of employment space. The buildings will target BREEAM Very Good and EPC A ratings.
Works are scheduled to begin in early 2024, with the first phase of construction focused on a drive-thru plot, followed by 80,000 sq ft of industrial buildings. The first facility is due for completion in late 2024.
The scheme sits adjacent to the £33m Wakefield Eastern Relief Road and will support the regeneration of the wider 373-acre City Fields community. It is projected to bring around 800 new jobs to the area.
Guy Bowden, partner at Bridges Fund Management, said: “We’re looking forward to transforming this site into a commercial and industrial hub, with a range of ‘build-to-suit’ units of different sizes.
“This will help to address the clear regional shortage of high-quality space, while also enabling occupiers to achieve their own ESG goals and supporting the transition to net zero.”
Appointed agents for City Fields are Carter Towler, Knight Frank and Avison Young.
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