Developer talking with potential tenants after securing approval for 400,000 sq ft site

STRATEGIC: Philip Lovel at the newly approved site near the M62 at Newport

By Rick Lyon, Co-Editor

The developer behind a newly approved 400,000 sq ft business site in East Yorkshire is already in discussions with potential occupiers for the first unit.

Philip Lovel, managing director of Lovel Developments, said conversations are also planned with other businesses which expressed interest during the planning process.

Mr Lovel said: “We have had a few approaches since we submitted our application for outline panning permission, with companies registering their interest.

“The next step is to work on the details which will be specific to each occupier – access, appearance, landscaping, layout and scale. We are doing that now with one business and we hope to make a start on their project later this year.

“Meanwhile, we are following up with the other businesses which have been attracted by the size of the site, its location and its ready availability.

“This will be a high quality expansion of the existing employment area here, providing new, additional, modern floorspace and creating up to 600 jobs.”

The development site sits next to junction 38 on the M62 at Newport and close to existing business parks including Green Park, where Lovel Developments relocated in 2019.

Mr Lovel said: “We recognised the attributes of what is a great strategic location but as others have arrived space is again at a premium.

INTEREST: A CGI of the proposed development

“The new site presents opportunities for large scale businesses in our area who are thinking of expanding for more space or to add to their existing services and facilities.

“It also sends out a message much further afield that there are opportunities here for people who want to come into East Yorkshire.”

The site will be restricted to units of 80,000 sq ft or more and has its own power supply available, capable of serving large operators.

Mr Lovel said: “There is a strong market for this type of development because there are very few places that can accommodate buildings of this size and this has space for several, with the motorway network on its door step.

“Nearby sites are almost at capacity and the area is becoming a hub for industry generally.

“This site is suitable for uses including distribution, storage, light manufacturing. It’s ideal for supporting the growth of local businesses and attracting significant inward investment.”

Councillor Anne Handley, East Riding of Yorkshire Council leader, said: “We’re proud to support a business-friendly environment in the East Riding, and welcome investment in our region.

“It is great news that businesses are interested in this site, which will play an important role in job creation and economic growth for our communities.”