Bridges acquires 31-acre site for proposed Wakefield employment scheme

13th July 2022

We’re delighted to announce the purchase of a 31-acre site to the east of Wakefield, West Yorkshire, in partnership with Opus North. Our plan is to develop a commercial hub for the local area that will create a significant number of jobs. ‘City Fields’, as the scheme will be branded, recently saw previous owner Keyland […]

We’re delighted to announce the purchase of a 31-acre site to the east of Wakefield, West Yorkshire, in partnership with Opus North. Our plan is to develop a commercial hub for the local area that will create a significant number of jobs.

‘City Fields’, as the scheme will be branded, recently saw previous owner Keyland Developments submit a planning application proposing employment space of up to 500,000 sq ft. Regenerating the site is an opportunity to generate over 800 new jobs and catalyse local economic growth.

Demand for UK urban logistics facilities was 86% above the long-term annual average in 2021, with vacancy rates falling sharply. City Fields’ urban logistics provision (Class B2, B8 and E(g) consent) and varied industrial accommodation will cater to a clear need for this type of real estate – crucially incorporating important sustainability features. Proposals also offer development scope for a trade counter scheme and hospitality options.

Previously part of the redundant Yorkshire Water Calder Vale treatment works, the site will now form a key strategic element of the overall City Fields development, which, at 375 acres, will play a significant role in creating a new, important and sustainable primary employment hub to the east of Wakefield. It runs adjacent to the £33m Wakefield Eastern Relief Road, opened in 2017, and will be part of the regeneration of the broader City Fields community.

We’re looking forward to working alongside Opus North to deliver another successful project!

Bridges partner Guy Bowden said: “The City Fields development will allow us to revitalise a previously redundant site and create over 800 new jobs for the surrounding area. Aiming to incorporate important sustainable features into the design, this development will both benefit occupiers and provide the wider Wakefield community with a high-quality commercial and industrial hub, helping to catalyse local economic growth.”

Ryan Unsworth, Development Director of Opus North, added: “The acquisition of this strategic site continues our strategy of sustained growth in the northern commercial sector. The surrounding area has witnessed a considerable surge in investment and regeneration and the development of this pivotal site will make a further significant economic contribution. We are looking to commence works on site in early 2023 with a targeted completion of the first units later that year. In addition to bringing about new jobs, the development will help ease the well documented shortages of high quality industrial/commercial accommodation in the region.”

 

Related News

View all
22nd January 2025

Tom Street joins Bridges Inclusive Growth

Tom joins as an Investment Director for Bridges Inclusive Growth, our private equity strategy focused on UK social impact businesses

Read more
19th December 2024

Bridges completes fifth exit of 2024 with sale of Alina Disability Support

Bridges has completed its fifth exit of 2025, with the sale by Alina Homecare of its Disability Support division to national care provider Swanton

Read more
4th October 2024

Bridges selected by Fulcrum as partner for Long-Term Asset Fund

Bridges has been selected by Fulcrum Asset Management as a partner for its new Long Term Asset Fund (LTAF) – which is designed to help DC pensions access longer-term investments.

Read more
16th July 2024

Bridges exits community-focused services business Nexgen

In its fourth exit of the year, Bridges is delighted to announce it has agreed to sell the Nexgen Group to Bidvest Noonan, a market-leading provider of facilities services.

Read more