Logic Leeds, the £5 million construction of 80,000 sq ft of industrial premises for modern manufacturing, has started on site in the Leeds City Region Enterprise Zone.
The construction follows planning approval and the signing of a landmark £2.5m grant agreement with Leeds City Council, funded through the government’s Building Foundations for Growth programme.
Councillor Richard Lewis, Leeds City Council’s executive member for transport and the economy, said: “This is another significant step forward for the Leeds City Region Enterprise Zone. The council has worked proactively with developers and the Leeds City Region Enterprise Partnership to get development moving in the enterprise zone.
“We now have 260,000 sq ft of industrial space under construction and committed, presenting manufacturing and supply chain companies with a prime location for expansion, consolidation and relocation of their operations.”
Logic Leeds, Muse Developments’ flagship 110-acre manufacturing and distribution development, forms part of the largest speculative project of its kind in West Yorkshire since the recession. The contract to build the new 80,000 sq ft unit was awarded to Esh Build.
David Wells, developer director of Muse Developments in Leeds said: “We are delighted to be on site with the first building at Logic Leeds, which will set the tone for the whole development.”
Situated next to the A63, just half a mile from Junction 45 of the M1 and minutes from Leeds city centre, Logic Leeds presents a huge opportunity for the Leeds and wider Yorkshire industrial and distribution market.
Logic Leeds is part of the Leeds City Region Enterprise Zone, which means that it benefits from a range of incentives for occupiers. These incentives include a discount on business rates, worth up to £275,000 per business over a five-year period; a simplified and accelerated planning process; an opportunity for enhanced capital allowance claims; and high-speed fibre-optic broadband.