Peel buys in Sheffield

A giant former steel site next to Meadowhall is set to be turned into a logistics hub.

Peel Logistics Property has bought the 48-acre site beside Junction 34 of the M1 from steel company Outokumpu for £8.5m. The firm said it was a ‘prime site’ close to Meadowhall and Sheffield city centre and it planned to build ‘multiple’ units for logistics occupiers.

The deal comes after Outokumpu put the site on the market in October 2015. The giant plot off Shepcote Lane in Tinsley was once home to more than a dozen buildings where thousands worked.

They were razed in 2011 and the site cleared. But the sale has taken 19 months, partly, it is understood, due to concerns over possible contamination and the costs of a clean up to remove heavy metals and acids. Jeremy Greenland, Peel Logistics chief executive, said: “We are very pleased to secure a prime site like this, ideally placed to serve both national and urban logistics occupiers.”

Neil Dickinson, Peel Logistics chief operations officer, said:

“This project is a great opportunity to deliver over 800,000 sq ft of new logistics space by regenerating a dormant site and potentially creating thousands of new jobs in the region.”

The site also has its own railway line. A planning application is expected to be submitted this year with construction starting next year.

 

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