Wykeland Group expects to start work next month on a £10m speculative build of new units at its Melton West development of the A63 near Hull.
Its to be called Evolve@Melton West, and will create a total of 84,000 sq ft of business space, as well as up to 100 jobs during construction and 150 full-time equivalents when it’s finished.
Wykeland Development Director Jonathan Stubbs said: “We’re delivering Evolve @ Melton West to provide much-needed modern space to meet the needs of growing businesses. The market is telling us there is a shortage of high-quality facilities of this kind and a pent-up demand for them.
“We are approached regularly by businesses looking for a new space to move into, to support their growth. Those companies are looking for facilities that are ready made, modern, energy efficient and fully fit for purpose.
“The shortage of such facilities is stifling investment and growth within the region and that’s an issue that Evolve @ Melton West will help to address.”
The buildings will be EPC A-rated, with rooftop solar panels, green living walls and electric vehicle charging infrastructure.
