£21 m speculative development at Iport
SPECIALIST property investor Verdion has said that it will develop two speculative logistics units at its iPort Doncaster development as part of a £21m investment in the site.
In partnership with the Healthcare of Ontario Pension Plan, they will develop two units – 200,000 sq ft and 120,000 sq ft – to meet demand for Grade A warehouse space.
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.”
The iPort project at Doncaster is a strategic rail freight exchange and will deliver 6 million sq ft of logistics warehouses.
Mayor of Doncaster, Ros Jones, 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.”