Logistics real estate specialist Verdion has worked up a £300m speculative development programme for the remaining 1.75m sq ft of warehouse space at its iPort multimodal logistics hub, just outside Doncaster.
The final stage of development at iPort will offer five buildings from 82,000 sq ft upwards, with delivery from June 2023.
The largest of the five buildings will extend to 848,250 sq ft and complete in June 2024. It is thought to be one of the largest speculative logistics facilities ever developed in the UK and will target businesses looking for a new national hub.
All buildings will be certified to a minimum BREEAM Very Good rating.
John Clements, an executive director at Verdion, said: “This is a major investment that underlines our unwavering confidence in both iPort and the UK market. Demand for high-quality, efficient space in strategic locations remains extremely strong, and this programme addresses the current scarcity in the Yorkshire market and further afield head on.
“Speed of delivery is important, and we have a fantastic on-site construction team. Planning permission is in place and contractors’ agreements are signed.”
Occupiers signing for new space at iPort this year include Woodland Group, Euro Pool Systems and Maritime Transport.
iPort is the largest multimodal logistics hub in the north of England, totalling 6m sq ft. Tenants also include Amazon, Ceva, Fellowes, Lidl, Dusk and Kingsbury Press.
Verdion’s funding partner for the development is the Healthcare of Ontario Pension Plan.
Gent Visick, Colliers and CBRE are the leasing agents.
To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews
