680,000 sq ft of warehouse space planned for logistics hub
A massive expansion in warehouse space is proposed for the iPort multimodal logistics hub, in Doncaster.
Verdion, working with the Healthcare of Ontario Pension Plan (HOOPP), is to speculatively develop 680,000 sq ft of new warehouse facilities.
It will deliver four buildings ranging from 116,000 sq ft to 260,000 sq ft by the third quarter of 2022. The first building – a total of 173,500 sq ft – is expected to complete before Christmas this year.
The decision comes after Verdion’s previous speculative phase was completed in March this year, with the final two units going to Woodland Group and luxury homeware retailer Dusk.
iPort’s remaining 1.7 million sq ft includes capacity for specialist buildings of up to 800,000 sq ft sitting alongside its phased speculative space.
iPort has capacity for a total of six million sq ft of logistics and light industrial accommodation. Other occupiers include Amazon, Ceva, Fellowes, Lidl, Maritime Transport and Kingsbury Press.
John Clements, executive director of Verdion, said: “This is an extraordinary market, with no high-quality new space above 100,000 sq ft currently available in South or West Yorkshire and occupier demand remaining strong.
“This development programme steps up the pace and will deliver a range of new warehousing throughout the park designed to meet requirements across a number of size bands.
“Although many businesses will be driven by ecommerce sector growth and employment opportunities, we’re also expecting others drawn by the significant power available and opportunity to move into rail freight.
“Speed is going to be important, but these sites are already prepared for development with services installed and materials pre-ordered so we’re in a position to move quickly.”
