Work starts on £100M distribution scheme
07 Oct 2015
Caddick Group has started work on the Crosspoint33 scheme near Wakefield which will be home to a new UK processing and distribution centre for TK Maxx.
Phase one of the development will be home to the TK Maxx facility, providing more than 1.2 million sq ft of accommodation. The building is scheduled to complete in January 2017 and once operational will support up to 1,800 jobs.
A ground-breaking ceremony has taken place to mark the start of the £100m scheme.
The project is being managed by Caddick Developments, with sister company Caddick Construction undertaking all building works. The TK MAXX building has been forward sold to specialist logistics investor Tritax.
Myles Hartley, managing director at Caddick Developments, said: "We are very grateful for the support of various partners, especially Wakefield Council who have helped bring this exciting scheme to fruition."
The site can accommodate a further 535,000 sq ft of development on phase two on a build to suit basis.
Paul Hunter, group operations director at TJX Europe, the business behind TK MAXX, said: "This is an exciting moment in the future growth of TJX Europe.
"We are delighted that we will continue to be part of this community, welcoming our existing associates to the new processing centre and creating many additional employment opportunities over the forthcoming years. We look forward to being open for business in 2017."
Dove Haigh Philips acted for Caddick Developments in respect of the letting to TK MAXX and the project funding. The tenant was represented by SBH and Wimbush Real Estate acted for Tritax.
The project is also being grant supported by the Leeds City Region Enterprise Partnership.