Wakefield515 breaks ground

Wakefield515, is a partnership between Panattoni & AEW and signifies one of the sectors’ largest commitments since the emergence of the Covid-19 Global Pandemic. The unit is anticipated to be ready for occupation in Q2 2021.


Support for St Gemma’s Hospice

We are so excited to say that over the last 12 months the entire Caddick Group have managed to raise over £45,000 for St Gemma’s Hospice.

St Gemma’s are Yorkshires largest hospice and provide the best possible care for local people with cancer and other life-limiting illnesses. All their care services are free and open to all.

We’ve got muddy, creative and active to raise money for this amazing charity – including but not limited to the Three Peaks challenge, Leeds 10k, The Yorkshire Warrior, anniversary raffle, bag pack, Christmas jumper day & the Caddick inaugural Moment in Time Ball.

We hope that all of the funds raised will provide much-needed support for St Gemma’s and the patients in their care.

Caddick moves London offices

The London team have completed our relocation from Grosvenor St to new offices at 1 Heddon St.Recently renovated by The Crown Estate to a certified WELL building https://bit.ly/37TJRU2, we’re already benefiting from the improved environment for our growing team.

Property Week 2020 vision: predictions for the year ahead

Boris Johnson’s election victory was delivered by northern constituencies and now his government needs to fully support the north by ensuring it has world-class infrastructure and high-quality homes to support a growing workforce.

Regional cities are on the up. Attracting serious investment and major occupiers and transport and housing are essential to continuing that growth and it is crucial that the new government delivers what it has already promised, while also exploring what other projects may be needed.

Homeownership was at the heart of Conservative housing policy but there needs to be a recognition that renting is increasingly a lifestyle choice.

Build-to-rent can also help regional economies grow by allowing talent to move easily between opportunities and supporting regeneration efforts through accelerated delivery and higher absorption rates than for-sale housing.

Property and the economy as a whole will likely see a ‘Boris bounce’ while regional cities will continue to thrive thanks to rising graduate retention rates, improved employment opportunities and affordability, as well as thriving leisure and culture scenes.

In real estate, the trends we are already seeing – the move away from physical retail, traditional offices and owner-occupation – will accelerate. That’s why as a group our focus is on ‘beds and sheds’: delivering mid- and big-box facilities to service Britain’s e-commerce boom as well as progressing with our Moda Living BTR pipeline.

The changes in retail and commercial mean the nature of anchor tenants that typically underpin mixed-use projects will also change. Investors will increasingly look to the public realm, cultural occupiers and even residential to tie together schemes and give them an identity and sense of destination.

Resolutions: We’re committed to delivering our £5bn development pipeline, focusing on BTR, the living sector and industrial and logistics. Having started on phase one of SOYO, our new £300m neighbourhood in Leeds city centre, we will also progress with city centre sites across the country and central London.

Angel Gardens is obviously another key priority. We saw really healthy demand for apartments ahead of the building opening and with the first residents in, we want to redefine what it means to rent, setting new market benchmarks while also delivering our other sites as well as acquiring new ones.

2020 Vision

It’s a New Year

Celebrating its 40th anniversary, Caddick Group has grown into one of the most recognisable property businesses in Yorkshire, working on touchstone projects like Headingley Stadium and Crosspoint 33.

The business is still a family operation with those bearing the name at the helm. Founder, Paul Caddick, is the company’s chairman and while he may no longer be involved in line management he maintains an active interest in all aspects of the business. His son, Johnny, is a director of Caddick Group and joint managing director of Moda, while Myles Hartley, Johnny’s cousin, is managing director of the entire Caddick Group.

Once synonymous with the retail sector, Caddick Group has largely evolved beyond the kind of projects that saw it developing Leeds’ Trinity Centre and The Broadway in Bradford.

The focus now is very much on the residential and industrial sectors, perhaps best demonstrated by the group’s high profile work on the emerging build-to-rent Moda brand, and the massive Wakefield 515 building, so-called because it’s in Wakefield and covers 515,000 sq ft of logistics and industrial space.

The company has evolved in such a way that it now has specialisms in almost all aspects of the development process. The wider Caddick Group contains businesses that focus on land acquisition and promotion, construction, funding, planning, delivery and asset management.

Old Printworks building in Leeds restored for major studio space

We’re proud to be handing over the new Leeds Studios on Whitehall Road to Leeds City Council and Prime Studios. A big thank you to everyone involved on this important project for Leeds.

The new creative complex is said to be 15 minutes from the Majestic – where Channel 4 will be opening its new headquarters.

Acquired by Caddick Group in October 2017, the site will now host 110,000 sq ft of studio space after an extensive refurbishment, including the demolition of the Petty House office building and removal of abandoned plant machinery and asbestos.

The history of the former printworks spans almost 150 years, starting in 1865 when Petty & Sons family printing company first opened its doors.

Caddick has already secured Opera North as a tenant for a 9,000 sq ft unit in the six-acre site which it is using for storage and rehearsals.

Moda Launches New York Square

Fantastic launch for Moda’s new project New York Square https://bit.ly/35ZlDH8 SOYO Leeds. Celebrated with live performances from poet Mike Southwell, a tribute to the city, musician Tom Beesley from Leeds College of Music & live art from artist Jameson Rogan.

Great to hear from James Brining from about the ongoing regeneration of Quarry Hill, Martin Dickson from LeedsBID on the city’s ever-evolving offer & Johnny Caddick on the importance of partnership and how we can work together to make it happen.

Caddick Group to deliver £50m speculative logistics scheme for AEW’s new UK logistics venture

Marking the second phase of Crosspoint 33, an emerging logistics hub near the M62 with  The TJX Companies, Inc.

Caddick Group is to build a £50m GDV distribution centre near Wakefield, Yorkshire for global real estate investment manager AEW. AEW will buy the site from Caddick Group and fund the development for its recently launched €290m develop-to-core UK logistics venture with Allianz.

Caddick Construction have been appointed as the main contractor to deliver the 512,000 sq. ft. facility, now named Wakefield 515.

Wakefield 515, previously known as Cross Point 33 phase two, will sit next to the already completed Cross Point 33 phase one, a £100m 1.2m sq. ft. distribution centre now occupied by TJX Europe, parent company of retail brands TK Maxx and HomeSense.

Located at Junction 33 on the M62 motorway, Wakefield 515’s strong transport connectivity is expected to appeal to retailers, e-commerce businesses and 3PLs, which would typically look to take a ‘big box shed’ facility like Wakefield 515. Start onsite will be early next year. The building is due to be delivered by Q4 2020 and will be marketed jointly by Dove Haigh Philips and JLL.

Myles Hartley, managing director at Caddick Developments, said: “As a Group our focus is on structurally-supported asset classes such as build-to-rent and industrial/logistics, where we see long-term growth potential. Wakefield 515, which follows on from our successful Crosspoint 33 development, will be a landmark scheme in terms of size and scale and we are keen to start on-site, creating hundreds of jobs locally both during and after construction.”

Nick Winsley, managing director and head of investments at AEW UK Investment Management, commented: “This acquisition is an excellent opportunity for AEW. The UK logistics sector is demonstrating historically strong take-up, occupancy levels and rental growth with very little new Grade A supply in the Yorkshire market for larger warehouses.”

Wakefield 515