Multi-million-pound speculative logistics scheme set for Wakefield

Caddick Group, a Yorkshire-based family-run construction and property development firm, is set to build a £50M distribution centre near Wakefield, Yorkshire for global real estate investment manager AEW.

The company has been appointed as the main contractor to deliver the 47,500m² facility, now named Wakefield 515.

Wakefield 515, previously known as Cross Point 33 phase two, will sit next to the already completed Cross Point 33 phase one, a £100M distribution centre now occupied by TJX Europe, the parent company of retail brands TK Maxx and HomeSense.

Wakefield 515 is aiming for a BREEAM “Very Good’ rating, and work is expected to start early next year.

Myles Hartley, Managing Director at Caddick Developments, said: “As a Group our focus is on structurally-supported asset classes such as build-to-rent and industrial/logistics, where we see long-term growth potential.

“Wakefield 515, which follows on from our successful Crosspoint 33 development, will be a landmark scheme in terms of size and scale and we are keen to start on-site, creating hundreds of jobs locally both during and after construction.”