Latest phase of business park aims to meet ‘massive pent-up demand’

The second phase of the Flanshaw Business Park development in Wakefield began on site this week.

Multi-tenancy developer Frank Marshall Estates of Bradford bought the four-acre site from Flanshaw Property Ltd for £1.3million in 2020.

Since then, the first phase of the job park on the outskirts of Wakefield at junction 40 of the M1 has been fully let.

This phase was speculatively developed last year and comprised 17 units, including seven Nano Hybrid units and 10 light industrial and warehouse units of up to 9,500 square feet.

The second phase includes 26,000 square feet of units ranging from 1,500 square feet to 6,000 square feet. The work is expected to be completed by June next year. The main contractors are Percy Pickard of Bradford.

Edward Marshall, Principal of Frank Marshall Estates, said: “When we purchased this land, we promised to create the best retail park Wakefield has ever had. We are now delivering on that promise, despite the challenges posed by the pandemic and the uncertainty surrounding the Yorkshire commercial property market.

“It is clear that there is massive pent-up demand in West Yorkshire for high quality buildings of 10,000 square feet and under in superb locations. We are pleased to be the region’s leading developer for this specific market.

“Wakefield is a logistics and distribution hotspot, thanks to its superb position at the center of Yorkshire’s excellent motorway network. We estimate that the park, when fully developed, will support 200 new and sustainable jobs, providing a substantial boost to the region’s economy.

“It’s already a development that Wakefield is justifiably proud of. The majority of occupiers in our first phase are quality local businesses that needed properties to match their expanding businesses. But we also bring businesses from other regions to Wakefield.

Rob Oliver, director of real estate consultancy Avison Young, added: “When we sold this site to Frank Marshall Estates, we were convinced from the outset that a program of this nature would be well received by the local business market.

“While there have been a number of mid to large-scale developments in the Wakefield area over the past few years, there has been relatively little development of smaller units, despite good demand.”

Avison Young are joint marketing agents for Flanshaw Way, along with Carter Towler’s Hazel Cooper and Ryden’s Jonathan O’Connor

Previous Organization working to increase minority entrepreneurship in the Brazos Valley
Next Land in Reydon business park up for auction