Verdion’s Doncaster iPort site set to house two major multi-use units
Real estate investor, Verdion has unveiled plans to speculatively develop two logistics units at its £400m iPort development in Doncaster.
As a response to substantial demand in the market and a shortage of Grade A warehouse space, Verdion, along with funding partner the Healthcare of Ontario Pension Plan (HOOPP), has started work on the development of one 200,000 sq ft unit and one unit of 120,000 sq ft.
The Grade A warehouse will be designed will be specifically designed to suit multiple user requirements with expansion opportunities to double both units’ initial floor area.
The buildings will be constructed simultaneously and are scheduled for completion in early 2016.
iPort is a Strategic Rail Freight Interchange (SRFI) which is set to produce over 6 million sq ft of Grade A logistics warehousing linked with a high specification rail freight intermodal container facility providing rail freight services with continental gauge clearance to all major UK ports and the Channel Tunnel.
The scheme provides design and build warehouse/logistics units from 50,000 to 1.2 million sq ft.
The 700 acre site in Rossington, Doncaster, where Verdion is developing the scheme, is linked with Junction 3 of the M18 via the Finningley and Rossington Regeneration Route Scheme (FARRRS).
John Clements, European Development Director at Verdion, said: “Due to strong occupier demand and the ever decreasing supply of existing space, the time is right for us to build inventory stock. iPort can accommodate individual unit sizes from 50,000 sq ft to over 1.2m sq ft in a variety of configurations and specified exactly to occupiers needs. We believe this flexibility as well as the many other attributes will enable iPort to capture any number of space requirements in the South Yorkshire market and beyond.
“We are also pushing forward with the £21 million infrastructure works package as well as the construction of the rail terminal and, with detailed planning consent for the first 3 million sq ft (278,700 sq m) already in-place, much needed, high-quality, logistics space can be delivered very quickly on site.”
ros Jones, Mayor of Doncaster, added: “This is tremendous news for Doncaster and shows the confidence investors have in the town. The FARRRS link road is driving our economy forwards with iPort being just one of a number of major private sector developments coming to fruition which will deliver jobs and growth.”