Network Space, a commercial real estate developer, has submitted a planning application to Rotherham Borough Council for a £24m industrial development at Vector 31 in Yorkshire, UK.

The proposed project, to be located at Waleswood, close to Junction 31 of the M1, will include a 254,000ft2 E, B2 and B8 employment space on an 8.8-hectare site.

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The plans that have been submitted show seven and nine self-contained, detached units ranging from 12,500ft2 to 75,000ft2 that are available with design and build opportunities.

Upon completion, the project will create more than 500 jobs.

Network Space development manager Simon Eaton said: “Vector 31 West can provide a wide range of industrial accommodation which will appeal to smaller workspace occupiers through to distribution centre requirements.

“Given the strong location and market demand, we intend to commence with a first phase of speculative units as soon as possible, whilst maintaining our ability to deliver larger units on a design and build basis.

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“The success of our earlier development at Vector 31 demonstrates that this is one of the Yorkshire region’s most sought after locations, offering a strategic central distribution route close to the M1 as well as easy access to Rotherham and Sheffield.

“The development will therefore serve to meet regional market requirements as well as national occupier needs.”

In the site adjacent to Vector31, Network Space had delivered an industrial space of 160,000ft2 which was developed in two phases. The project’s first phase was fully occupied within a year of its completion in 2008. It is currently occupied by a range of national and international businesses, including Hermes.

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Network Space has submitted plans for £24m industrial project in Yorkshire. (Credit: Network Space)