Speculative development hat trick completes
Verdion has completed the final letting in its current round of speculative development at its iPort multimodal logistics hub in Doncaster.
A luxury homeware retailer has taken the 119,060 sq ft (11,061 sq m) warehouse iP2g, which offers space for up to 12,194 pallets with 12.5 m clear headroom and a 55 m deep yard.
This deal is the third and final unit in Verdion’s most recent tranche of speculative development at iPort. iP2c was let to local printing specialists Kingsbury Press, while iP2e was let to one of the UK’s largest, privately owned logistics companies Woodland Group. Other occupiers that also call the logistics hub home include CEVA, Fellowes, Lidl, Maritime Group and Amazon.
iPort is the UK’s most advanced multimodal facility, spanning 800 acres with 52 MVA power, close to junction 3 of the M18 in Doncaster. iPort Rail, its on-site rail freight terminal, takes daily services to/from Southampton, Felixstowe and Teesport, with more routes across the UK being planned.
Alongside its programme of speculatively developed space at iPort, Verdion’s masterplan also includes development-ready sites for units of up to 800,000 sq ft that can be built to suit specific occupier requirements.
John Clements, Executive Director at Verdion, said: “We’re pleased to welcome our newest tenant to iPort and mark the completion of our latest phase of speculative development. With demand for space continuing to increase, driven by our demographics as well as widespread demand for logistics, we’re also seeing much greater interest in build to suit opportunities too. Demand for our phase two development-ready sites is increasing which means we can offer speed to market as well as opportunities for specialist uses including ecommerce.”