New £24m industrial development in Rotherham to create 500 jobs

A planning application has been submitted for a £24m industrial development in Rotherham that could create more than 500 jobs.

Network Space, a property management company, has today submitted the plans for a new development at Vector 31 at Waleswood.

The outline planning submission sets out proposals for up to 254,000 sq ft of employment space on the site.

Simon Eaton, development manager at Network Space, commented: “Vector 31 West can provide a wide range of industrial accommodation which will appeal to smaller workspace occupiers through to distribution centre requirements.

“Given the strong location and market demand, we intend to commence with a first phase of speculative units as soon as possible, whilst maintaining our ability to deliver larger units on a design and build basis.

“The success of our earlier development at Vector 31 demonstrates that this is one of the Yorkshire region’s most sought after locations, offering a strategic central distribution route close to the M1 as well as easy access to Rotherham and Sheffield.

“The development will therefore serve to meet regional market requirements as well as national occupier needs.”

Rebecca Schofield, partner at Knight Frank, added: “We are continuing to see strong interest for industrial and warehouse space across the South Yorkshire region, the quality of accommodation which Network Space will offer to the market will no doubt prove popular to satisfy demand.’’

Architect for the scheme is Harris Partnership, with Knight Frank is appointed as agent and NSM providing asset management services.

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