29 Apr 2021
PLP receives detailed planning consent for Phase 2 at PLP Bessemer Park, Sheffield
Industrial and logistics developer PLP has secured planning consent for the next phase of speculative development at PLP Bessemer Park, Sheffield. Sheffield City Council have granted the reserved matters application which will bring forward the next phase of development at PLP’s award winning scheme immediately adjacent to Junction 34 of the M1 motorway.
Following on from the success of the first phase, which saw all speculative units leased before practical completion, the next phase of development will see a total of 605,000 sq ft constructed in 4 units ranging from 83,000 sq ft to 292,000 sq ft. Construction will start on site in the summer of this year.
Hugh Chesterton, Development Director at PLP said: “This is great news for PLP’s continued investment into the City of Sheffield. This planning consent allows us to forge ahead with the second phase of PLP Bessemer Park providing high quality space to meet the growing number of unsatisfied enquiries in the Sheffield market where supply is rapidly depleting.’’
CBRE Senior Director, Mike Baugh added: “This is fantastic news for PLP, following the success of Phase 1. With planning consent now in place, the final phase at PLP Bessemer Park offers the finest opportunity for strategic industrial and logistics development in the Sheffield area. We are already receiving strong interest in the site and given the buoyant nature of the market currently we anticipate early deals will be concluded.”
PLP is represented by Knight Frank Sheffield, CBRE Leeds and Moriarty & Co.
Photo caption: CGI impression, PLP Bessemer Park, Phase 2 in Sheffield
PLP IS A SPECIALIST DEVELOPER, MANAGER AND OWNER OF UK LOGISTICS REAL ESTATE
Established in 2015, PLP is a specialist UK logistics and industrial property business. The full service platform develops, manages and owns prime-grade UK logistics real estate with in-house management expertise across all key capabilities including acquisitions and sourcing, development, leasing and asset management.
The PLP platform is owned by MIRA Real Estate, Peel L&P, Ivanhoé Cambridge, and its senior management team.