Yorkshire Counties


Tritax Symmetry to Speculatively Deliver 132,750 Sq Ft Logistics Building at Symmetry Park Doncaster


scheme being delivered by Tritax Symmetry. The award-winning logistics developer has committed to deliver up to 721,000 sq ft of logistics space on the regionally significant site.


In 2020, Tritax Symmetry agreed a deal to let its first speculative 151,388 sq ft logistics building on the site to Dogmates Ltd trading as Butternut Box. The fast-growing brand has made a significant investment into the fit out and created hundreds of new jobs for the area. Roadside retail property business Euro-Garages also expanded its options with the purchase of a 1.2-acre plot standing alongside its existing Starbucks and KFC outlets at Symmetry Park.


Tritax Symmetry has a land portfolio of 4,150 acres, capable of accommodating 40 million sq ft of logistics space in the UK. The company is dedicated to targeting carbon neutrality on the construction of all new buildings and, due to market demand, has committed to a speculative build programme of units totalling over 2.4 million sq ft during 2022.


Doncaster CGI


Tritax Symmetry, the dedicated logistics development company for Tritax Big Box REIT plc, has committed to speculatively build a state of the art, 132,750 sq ft logistics building on the last remaining plot at Symmetry Park Doncaster.


The news follows a major deal with B&Q which is taking a 430,240 sq ft warehouse and distribution facility that is already well under construction. It also responds to the rapidly growing on-demand logistics market due to digitalisation and consumer delivery expectations.


Located at Junction 34 of the A1 (M) on the North Nottinghamshire/South Yorkshire border, Symmetry Park is a £70 million industrial and distribution


Simon Dixon, Development Director at Tritax Symmetry said, “We are pleased to commit to the speculative delivery of the last remaining plot at Symmetry Park Doncaster. We have identified strong ongoing occupier interest in the region and our deals with B&Q, Butternut Box and Euro Garages are testament to the site location right off the A1 (M) and directly opposite Blyth Services, with high visibility and great accessibility from both sides.


“Having a site with infrastructure already enabled and detailed planning consent in place allows us to react quickly to market demand with a premium, bespoke and highly sustainable new premises in this prime logistics location.”


The Leeds offices of Savills, Dove Haigh Phillips and Colliers International are representing the development.


Verdion to Spec 1.75 Million Sq Ft at iPort, Doncaster


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.


All buildings will be built to very high standards of construction and certified to a minimum of BREEAM Very Good.


Verdion to spec 1.75 million sq ft at iPort Doncaster Pan-European


specialist Verdion today announces a


major £300


logistics million


real estate 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


John Clements, Executive Director of Verdion, said: “This is a major investment


that efficient underlines space in our


unwavering confidence in both iPort and the UK market. Demand for high quality,


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’ signed.”


Gent Visick, Colliers and CBRE are the retained leasing agents for iPort.


agreements are


Works Start on Site to Deliver £300 million Sheffield West Bar Development


Legal & General and Urbo (West Bar) Limited - a joint venture between Urbo Regeneration and Peveril Securities – part of the Bowmer + Kirkland Group, together with partners Sheffield City Council have recently announced that the first phase of development for West Bar, the £300 million mixed-use scheme in Sheffield City Centre, has commenced.


Marking a major milestone for the West Bar development, Legal & General has committed £160 million of forward funding to developers Urbo (West Bar) Ltd to deliver the first phase of development.


private investment deal in Sheffield City Centre and is the culmination of several years’ work in the assembly and ground preparation for comprehensive area-wide regeneration.


As UK cities continue to grow, there is an increasing demand for high quality housing, workspace, and amenities. Bill Hughes, Head of LGIM Real Assets states;


This is the single largest


“Legal & General


is committed to working with civic authorities and leaders to unlock city regeneration and secure the viability of socially and economically important UK schemes; Sheffield’s West Bar development is exemplary of such partnerships.”


Sheffield West Bar is a cutting-edge mixed-use project which will deliver much needed new grade A office accommodation, housing, and green public spaces on the gateway site and has potential to create up to 8,000 new jobs.


COMMERCIAL PROPERTY MONTHLY 2022 35


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