Phase one of £100M UK distribution and logistics scheme completed

WCN Editorial Team 7 Mar 2017 EUROPE BUILDINGS

UK-based Caddick Developments has completed work on the first phase of the £100M distribution and logistics development in the UK.

The project, known as Crosspoint33, is located immediately off Junction 33 of the M62 near Wakefield.

The new building, covering a total area of over 111,480 sq m, will be home to the new UK processing and distribution centre for TJX Europe, the parent company of retail brands TK Maxx and HomeSense.

Planning consent for phase one was obtained in six months. Tritax Big Box REIT then acquired the land and provided £59M in financing for the project.

The scheme’s second phase has been granted outline planning permission and can accommodate up to a further 55,740 sq m of space on a build-to-suit basis.

Myles Hartley, Caddick Developments’ managing director, said: “We are proud that phase one of this landmark project is now successfully completed and set to be home to such a big name in the retail industry.

“Crosspoint33 Logistics Park is providing a huge investment boost and new employment opportunities to the local area and we look forward to securing an occupier for phase two and welcoming more big names to the site.”

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