Work starts on Leeds M1 distribution park
Construction work has begun on two distribution units, totalling 5,200m² at Logic Leeds, Muse Developments’ flagship industrial and distribution hub next to Junction 45 of the M1.
National regeneration specialist Muse has already sold the two units to Phoenix Investment Management and Pegasus World respectively.
Phoenix Investment Management has purchased a 2,300m² unit, as part of its growing investment portfolio, while wholesale supplier of luxury hospitality textiles, Pegasus World, has taken an adjacent unit of 2,900m².
James Scott, Development Director at Muse, said: “We’re delighted that work has now started on these two quality units, adding a further chapter to the success story of Logic Leeds.
“We’re proud to be delivering quality buildings for both Phoenix and Pegasus at Logic. These new buildings represent our shared vision with Leeds City Region Enterprise Partnership to deliver a first-class destination for industrial and logistics organisations that benefits the whole city region. They are a further endorsement of the success of Logic Leeds.
Ivan Zhou, owner of Pegasus World, commented: “Pegasus is excited to be part of Logic Leeds. We’re creating a state-of-the-art warehouse to be the super-hub of our fast-growing business, supplying high-quality textile products to hotels, restaurants and caterers across the UK.”
Matt Brown, Director at Phoenix Investment Management, said: “We are delighted to have added a unit at Logic Leeds to our expanding investment portfolio. We’ve watched the development progress from afar and have been very impressed by the quality of the buildings delivered and the standard of the tenants that have chosen Logic to call home.’