Third Phase Of Development Complete At £3 Million Former Colliery Site

12th December 2007

Wakefield’s local economy has received a significant boost following the completion of a 42,950 sq ft, high specification industrial premises

The scheme, which has transformed a former colliery in Featherstone, is set to create up to 86 jobs when fully occupied and is being completed by regeneration specialist, Priority Sites.
 
The £3 million Innovation Square scheme is the third phase of speculative development on the Green Lane site.
 
Interest in the new development has been extremely high, with 70% of units already under offer and enquiries coming in from numerous companies looking to expand or relocate to the District.
 
The development comprises of 10 high specification industrial units, ranging in size from 2,000-10,000 sq ft, with the option to combine the individual units into larger premises.
 
The new commercial accommodation, which is available to rent or buy, draws on Wakefield’s excellent transport links, with the M1, A1 and M62 roads being easily accessible, which in turn has contributed to the popularity of the scheme.
 
David Carr, Chief Executive of Priority Sites comments:
 
“We are delighted at the success of this scheme. Since development began at Green Lane, we have developed over 100,000 sq ft of new industrial premises and created or retained in excess of 200 jobs in the local area and this latest phase will play a crucial role in boosting the local economy. It is already attracting the type of flourishing businesses that want to expand and need to employ local people to prosper. Completion of the scheme is great news for Featherstone.”
 
Priority Sites has worked with Yorkshire Forward and English Partnerships to bring the development to fruition.
 
Dave Custance, Head of Strategic Development and Property for Yorkshire Forward said:
 
“Yorkshire Forward is delighted with the success of the site at Green Lane in Featherstone. The occupancy rate demonstrates that there is a real need for business premises at a local level.”
 
For further information on the project contact Andrew Gent on 0113 245 6000.