Verdion has announced its plan to speculatively develop another 52,489m² of logistics space, following the successful year of letting activity at its €555,9m (£500m) iPort development in Doncaster, South Yorkshire.
Due to significant demand in the market and a shortage of Grade A warehouse space, Verdion, with its funding partner the Healthcare of Ontario Pension Plan (HOOPP), has pushed the button on the development of up to 52,489m² of warehouse space. The first new unit, part of Phase One of the 570,00m² intermodal scheme, will comprise 17,651m² and will be available from Q3 2017.
Michael Hughes, CEO of Verdion, comments: “It’s been a great year for iPort. We have let over 153,285m² to some of the world’s largest companies, with a further deal announcement involving a household name coming very soon.
“This new tranche of speculative development demonstrates our strong confidence in the UK market and the very real location and commercial strengths offered at iPort.”
iPort is a Strategic Rail Freight Interchange (SRFI) which will deliver over 570,000m² 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 also offers design and build warehouse/logistics units from 4,645m² to 102,190m².
Verdion is developing the scheme on a 337 acre (136 hectare) site in Rossington, Doncaster. The site is linked with Junction 3 of the M18 via the Great Yorkshire Way.
Gent Visick, CBRE and Cushman & Wakefield are letting agents for iPort.
