Multi-million pound redevelopment for former Magnet site in Keighley

Pictured at the site of Riverside Business Park are, from left, James Turner, managing director of Turner Developments; Mike Atkinson, director of Atkinson Associates and Paul Young, commercial property partner at Gordons

Pictured at the site of Riverside Business Park are, from left, James Turner, managing director of Turner Developments; Mike Atkinson, director of Atkinson Associates and Paul Young, commercial property partner at Gordons

First published in Keighley
Last updated

THE MULTI-million pound second phase of redeveloping former industrial land in Keighley – creating several hundred jobs – has been announced.

The disused ex-Magnet factory in Royd Ings Avenue will be transformed into the Riverside Business Park.

Up to seven new units will be created at the former joinery for industrial, warehousing and distribution use.

Fifty jobs will be created during the seven-month construction period and up to 250 people are expected to be employed by firms which move into the units.

Some of the existing 360,000 sq ft of buildings at the site will be demolished to make way for 260,000 sq ft of prime industrial property.

Work will begin on site this September and is expected to be complete by April next year. Two units have already been sold.

The project was announced this week by Bradford law firm Gordons, which advised Ilkley-based Turner Developments on buying the former Magnet site, and continues to work on developing, sales and lettings.

Turner Developments was also advised on the acquisition by Mike Atkinson of Leeds-based land and property consultancy, Atkinson Associates.

The two companies advised Turner Developments in 2011 on phase one of the project, when the company bought the former headquarters of national home furnishings retailer Ponden Mill, also in Royd Ings Avenue, opposite the Magnet site.

Turner Developments built Aireside Business Park on the eight-acre site and all seven units are fully occupied and together employing around 200 people.

Turner Developments managing director, James Turner, said: “The success of Aireside Business Park has shown that there is very strong demand for high quality industrial property in the Aire Valley.

“Acquiring this major new site enables us to build upon our success and continue to revitalise the area.”

Gordons commercial property partner Paul Young, who leads the firm’s Turner Developments team, said: "The level of investment that Turner Developments has put into the Aire Valley is significant, so it is hugely pleasing to see the success of Aireside Business Park and the pre-sales at Riverside Business Park.

“This is a real confidence boost for the area and we are proud to be part of it.”

Successful law firm Gordons has offices in Leeds, Bradford and London, employs 265 people and has a turnover of more than £25.3 million.

Comments (7)

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4:45pm Thu 10 Jul 14

flensburg says...

How do you get several hundred jobs ?
50 construction + up to 250 later added up to 300
at most when I went to school.
How do you get several hundred jobs ? 50 construction + up to 250 later added up to 300 at most when I went to school. flensburg
  • Score: 0

7:46am Fri 11 Jul 14

Cougar8173 says...

It says 50 jobs in the construction of the new industrial park then 250 jobs when the companies move into the new buildings so in total there will be 250 new jobs as the other 50 are construction workers who obviously have jobs
It says 50 jobs in the construction of the new industrial park then 250 jobs when the companies move into the new buildings so in total there will be 250 new jobs as the other 50 are construction workers who obviously have jobs Cougar8173
  • Score: 0

8:13am Fri 11 Jul 14

MarkPullen says...

flensburg wrote:
How do you get several hundred jobs ?
50 construction + up to 250 later added up to 300
at most when I went to school.
sev-er-al

adjective
1. being more than two but fewer than many in number or kind:
[quote][p][bold]flensburg[/bold] wrote: How do you get several hundred jobs ? 50 construction + up to 250 later added up to 300 at most when I went to school.[/p][/quote]sev-er-al adjective 1. being more than two but fewer than many in number or kind: MarkPullen
  • Score: 6

12:27pm Sun 13 Jul 14

G_Firth says...

With so many already established industrial units already in the town that are still empty, one has to question the viability of this venture.
To be quite honest here the area could have been converted to residential with a new primary school both of which the town is in dire need of as well as being more lucrative.
With so many already established industrial units already in the town that are still empty, one has to question the viability of this venture. To be quite honest here the area could have been converted to residential with a new primary school both of which the town is in dire need of as well as being more lucrative. G_Firth
  • Score: -2

7:55pm Sun 13 Jul 14

Ian-Holt Roberts says...

Do not think I would like a house on this site or to live in the area that was Magnet and heavy wagons using this area would be a danger to all in the immediate vicinity not to mention the cost of new sewers etc
Do not think I would like a house on this site or to live in the area that was Magnet and heavy wagons using this area would be a danger to all in the immediate vicinity not to mention the cost of new sewers etc Ian-Holt Roberts
  • Score: -4

12:31pm Mon 14 Jul 14

Stevo54 says...

The investors must think they can turn a buck so it's obviously worth a punt. It's private money which is being used so good luck to them.
The investors must think they can turn a buck so it's obviously worth a punt. It's private money which is being used so good luck to them. Stevo54
  • Score: 0

10:51am Wed 16 Jul 14

Ian-Holt Roberts says...

Stevo54 wrote:
The investors must think they can turn a buck so it's obviously worth a punt. It's private money which is being used so good luck to them.
I must agree ,we are in need of new industry in the town .whilst not being aware of the size of the units it may be that the builders are attempting to attract a new type business to the town .
[quote][p][bold]Stevo54[/bold] wrote: The investors must think they can turn a buck so it's obviously worth a punt. It's private money which is being used so good luck to them.[/p][/quote]I must agree ,we are in need of new industry in the town .whilst not being aware of the size of the units it may be that the builders are attempting to attract a new type business to the town . Ian-Holt Roberts
  • Score: -2

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