Urban regeneration specialist Muse Developments has completed work on a huge new distribution facility at the Logic Leeds development.
Muse developed the 361,000 sq ft distribution unit, which was purchased last year by Aberdeen Standard Investments (ASI) in a multimillion pound deal and subsequently built by contractor, Bowmer and Kirkland.
The logistics unit has been pre-let to a global retailer, which is set to move in shortly, following lease completion.
James Scott, development director of Muse in Leeds, said: “It’s a fantastic achievement for everyone involved in the scheme, as we deliver this goliath logistics and distribution centre to our global occupier on budget and on time, which is now ready for the tenant to fit out and occupy.
“We’ve worked extremely closely with both the occupier and ASI to successfully deliver this pre-let development. Tribute must also be made to our partners at Leeds City Region Enterprise Partnership, who share our vision, goal and drive to deliver a first-class industrial development that benefits the whole city region.
“It is this vision that that has enabled us to attract the large number of high-profile organisations who want to be part of the successful Logic Leeds story.”
Graham Foxton, investment partner with global property consultancy Knight Frank in Leeds, who advised Muse on the sale of the unit to ASI, added: “Thanks to Muse’s vision, Logic Leeds is a huge success story.
“The high-quality of its buildings, its superb location at the hub of Yorkshire’s excellent motorway network and the incentives offered by enterprise zone status are a winning combination.”
Existing occupiers at Logic Leeds include John Lewis, Amazon and Premier Farnell.
The Leeds offices of Carter Towler and Knight Frank are the joint agents for the scheme.
