Investments
Landlord News
April 16, 2015 | Landlord News
The former Denso Marston site in Armley, which is generally regarded as an eyesore by locals, having served no purpose since the mid 1990’s, is to be the site of a new £8.5 million retail park. Leeds city councillors recently granted permission to Opus North, an Ilkley-based property and investment company, to develop the four-acre site.
Project bosses claim that the development could be completed and ready for business within a year. Building work is scheduled to begin in the summer, and it is expected to open in spring 2016.
100 jobs will be created by the scheme, and a number of retailers have already expressed interest in becoming tenants. Discussions with Iceland, B&M Homestore, and Lidl have been confirmed.
The approval of the Armley site follows hot on the heels of a similar project being given the go-ahead in Skipton. Andrew Duncan, managing director of Opus North, said: “These sizeable investments in Armley and Skipton will bring more jobs to the area and more choice to shoppers. They are major boosts to the local economy.”
He also added: “We are very conscious of the importance of creating developments which fit in with, and serve, the community in which they are built. That is why we take tremendous trouble to ensure that our planning applications are submitted only after extensive public consultation and after a proper understanding of what a specific town needs.”