April 15, 2015
Opus North has been granted planning permission to develop a vacant four-acre site in Armley, Yorkshire, into a retail park.
The site previously housed a factory occupied by manufacturer DENSO Marston.
Construction of the £8.5m scheme will start this summer and the retail park is scheduled to open in spring 2016.
Tenants already signed up to the scheme include Wickes and Pets at Home.
Opus North, which is funded by Palmer Capital, also recently gained planning permission to create a £6.5m retail park 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.
“The go-ahead for our Armley and Skipton developments mean that we have received outline planning permission for seven new developments during the past 12 months, worth a combined total of £85m. Other multi-million pound projects are now underway at Darlington, Morecambe, Aberystwyth, Runcorn, Llandudno.”
Author: Felicity Francis, Property Week