Verdion Announces 145,000 sq ft Pre-let at its £500 million iPort Development
Verdion has secured a new letting to a major US company at iPort, at its £500 million multi-modal logistics development in Doncaster, South Yorkshire.
Fellowes, the global manufacturer and marketer of air purification machines, office business machines, record storage, office health and comfort solutions, office and mobile technology accessories, has taken IP2b, one of the new speculatively built units at iPort, as its new UK headquarters and EU shared service building.
IP2b totals 144,373 sq ft (13,412 sq m), comprising 123,215 sq ft (11,447 sq m) of warehouse space and 21,158 sq ft (1,966 sq m) of office and welfare accommodation. Fellowes is relocating from its existing building at nearby West Moor Park and is due to move into the new premises in November this year.
Michel van Beek, President Fellowes EMEA and Asia, comments: “We are excited to move to this state of the art premises and A Grade business park. One that amplifies and aligns with our progressive development and will support our hunger to continuously improve our ability to deliver best in class services to our customer community whilst offering our employees a compelling and motivating working environment. This move will offer many advantages including excellent links to the UK rail and road network. It will offer Fellowes the opportunity to create a more modern and efficient workplace supportive to our future business needs and aspirations.”
John Clements, European Development Director of Verdion, comments: “We are delighted to have secured Fellowes at iPort. Our confidence to commence the speculative development programme has been endorsed by this letting to such a highly regarded, international operator.
“Interest in the rest of the scheme is strong and we expect to be able to announce further significant lettings during the course of 2016.”
Verdion started the speculative development of the first two units, totalling 350,000 sq ft (32,538 sq m) in August 2015 with completion due in May 2016.
iPort is a Strategic Rail Freight Interchange (SRFI) which will deliver over 6 million sq ft (570,000 sq m) 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 offers design and build warehouse/logistics units from 50,000 (4,645 sq m) to 1.2 million sq ft (111,480 sq m).
Verdion is developing iPort 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 which opened in February 2016.
Gent Visick, CBRE and Cushman & Wakefield are letting agents for iPort.
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Notes to editors
Verdion
Verdion is a leading real estate investor and developer, with a specialist focus on logistics warehousing.
Verdion provides new buildings for Europe’s leading logistics, e-tailing and industrial companies on a full design and financed basis. The company acquires and controls large areas of strategic development land to meet the needs of its client partners.
Verdion’s 10 million sq ft (929,000 sq m) development pipeline includes: iPort, the £500 million, 6 million sq ft (557,440 sq m) logistics project in Doncaster, South Yorkshire, which will provide a best in class rail intermodal facility, and; Verdion ExpoPark in Hannover, Germany, with Phase 1 of 650,000 sq ft (60,000 sqm) built and leased to Avarto Bertelsmann and Phase 2 now available of 452,000 sq ft (42,000 sq m).
Verdion was founded by Michael Hughes in January 2010. Headquartered in London, Verdion also has mainland offices in Düsseldorf, Germany.
About Fellowes
Fellowes is a leading manufacturer of office products including paper shredders, air purification machines, binding and laminating equipment, desktop accessories, mobile technology accessories, and record storage boxes.
Fellowes owns and operates 15 subsidiaries worldwide in Canada, United Kingdom, France, Germany, Italy, The Netherlands, Poland, Spain, Russia, Australia, China, Malaysia, Japan, Korea and South Africa and employs more than 1,500 people throughout the world.
The company was founded in 1917 and the company’s corporate headquarters are in Itasca, Illinois, USA.
