Verdion has revealed a major £300 million speculative development programme that will deliver all remaining warehouse capacity at iPort, the 6 million sq ft multimodal logistics hub just outside Doncaster.
Totalling 1.75 million sq ft, this 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 – one of the largest speculative logistics units ever developed in the UK offering a significant proposition for businesses looking for a new national hub.
John Clements, executive director of 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 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.”
The decision follows recent lettings at iPort as well as the completion of the final building in its previous speculative phase, iP10, which is located adjacent to the on-site rail terminal. Woodland Group, Euro Pool Systems and Maritime Transport have all signed leases for new space at iPort this year.
Gent Visick, Colliers and CBRE are the retained leasing agents for iPort.
Verdion’s longstanding partner in the development of iPort is the Healthcare of Ontario Pension Plan (HOOPP).
