Developers Helios Europe, Shepherd Aligned and SEGRO have signed a joint agreement to develop a 5.75 million sq ft rail-linked logistic park in Yorkshire.
The £400 million Rossington Inland Port, near junction 3 of the M18 motorway in Doncaster, South Yorkshire will have customs clearance and bonded warehousing on site plus an intermodal container facility.
Building footprints in excess of 1 million sq ft are possible with flexible expansion options. The site already has outline planning permission which was granted last year.
Mike Hughes, CEO of Helios Europe said: “Doncaster is acknowledged as a premier location for logistics in the UK and this project is core to our European wide business. The primary UK ports storage capacities are being stretched to almost breaking point through expansion, so there is substantial demand for intermodal inland port hubs of this nature.
“Rossington will provide our international clients with facilities that are truly transport ‘future proofed’.”
The site will be accessed by a new link road known as FARRRs which has just been granted an £18 million grant from the Government under the RGF (Regional Growth Fund) programme. This road will link the Inland Port project to the nearby Doncaster Sheffield Airport operated by Peel.
The joint developers will submit a reserved matters application within 6 months to enable the first buildings to be available for occupation in 2012. The developers already have the major port operator lined up to run the rail cargo operation.
de Morgan & Co structured the transaction and has been appointed as adviser.