Verdion and HOOPP fly into Doncaster for iPort Development Update

20/04/2014

Representatives from Verdion and its funding partner the Healthcare of Ontario Pension Plan (HOOPP) were in Doncaster this week to check out progress on site at iPort, their 6 million sq ft (570,000 sq m) Strategic Rail Freight Interchange (SRFI) scheme.

Michael Catford, HOOPP’s Vice President, Real Estate, Mike Hughes (Verdion), Nick Macrae (HOOPP) and Chris Holtved (HOOPP) took a tour of the 337 acre (136 hectare) development site and were extremely pleased with the progress.

Construction of the Finningley and Rossington Regeneration Route Scheme (FARRRS) is well underway and ahead of schedule. This new link road will connect iPort to junction 3 of the M18 by September 2014 and will then continue to the Doncaster Sheffield Robin Hood Airport, due for completion in early 2016.

Michael Catford, commented: “We are extremely pleased and impressed with the progress the council is making with FARRRS which is pushing ahead at full steam. The link road is the catalyst to the start of development at iPort and this connectivity by road, as well as rail and port makes this location a very attractive offer.”

Michael Hughes, Chief Executive Officer of Verdion, added: “Doncaster has been acknowledged for some years now as a premier central UK location for the distribution business and we look forward to delivering a premier scheme.”

Inland Port (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 current proposals are for six large footprint buildings from 1 million sq ft (92,900 sq m), each with high bay facilities of up to 35 metres permitted.

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Peter Dale, Doncaster Council’s Director of Regeneration and Environment, said: “The investment of both HOOPP and Verdion in iPort is a massive endorsement for Doncaster. FARRRS is the catalyst for huge levels of new inward investment which will see projects delivered that create thousands of new jobs and homes. Doncaster is making great strides and the outlook for the Doncaster and Sheffield City Region economies is looking extremely positive. Doncaster has much to look forward to.”

Further information on FARRRS is available at www.doncaster.gov.uk/FARRRS

For more information on iPort visit www.iPortuk.com.

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Notes to editors

Photo: Pictured from left to right are: Michael Catford (HOOPP), Mike Hughes (Verdion), Nick Macrae (HOOPP) and Chris Holtved (HOOPP).

Verdion is a major real estate investor and developer with a specialist focus on logistics warehousing in mainland Europe. Its current development pipeline exceeds 10 million sq ft (929,000 sq m) of Grade A warehouse space across the Continent. The company has offices in Dusseldorf and London. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.

Verdion has the exclusive mandate from the Healthcare of Ontario Pension Plan (HOOPP) for all direct investments in European logistics property. HOOPP is one of the largest and most successful defined pension plans in Canada with 274,858 active members and pensioners and $47.4bn in assets available for pensions.

The partnership is currently working together to develop Verdion’s Logistics schemes in the UK, Germany and Scandinavia, including the Siemens facility in Chemnitz, Germany, the 3PL facility Denmark and the 6 million sq ft (557,400 sq m) rail logistics project iPort in Doncaster, UK.

For further information, please contact:

Mike Hughes, Verdion Tel: +44 (0)20 7193 9557
Kate Titchmarsh, Flashbulb Tel: +44 (0)20 3440 4116