Trebor Developments Acquires Logistics Site
The joint venture between Trebor Developments and Hillwood has acquired a 25 acre site in order to develop a 400,000 sq ft building for the logistics sector. The site acquired by the pair is Gateway 4 in Doncaster, near the M18 motorway.
A planning application is on its way as the venture aims to develop the building designed for the logistics sector over the next 12 months. Subject to planning approval, work is due to start on site in the summer and is expected to be completed in the first half of 2020. The development will be marketed by Trebor/Hillwood as Gateway 4, Doncaster.
“We are delighted to be acquiring this site from Lazarus Properties and bringing forward such a major transaction in the North. We anticipate our current pipeline of schemes in the North of England delivering in the order of one million sq ft over the next 12 months, in a range of unit sizes,” commented Bob Tattrie, managing partner of Trebor Developments.
The agents are CBRE and CPP.