Wrenbridge and Bridges Fund Management, forward funded by GLP, have started on site with the 209,461ft² G-Park Basingstoke scheme in the South East.
Glencar has been appointed to deliver the £17 million highly sustainable logistics scheme, which will be built targeting an EPC A+ and BREEAM ‘Excellent’ rating, together with a ‘Net Zero Target Build’. It is expected to be available for occupation by Q1 2024.
Glencar is demolishing an existing office building, which was previously owned by pharmaceutical company Eli Lilly, while also undertaking site clearance and enabling works. Steelwork is expected to begin by the end of May this year.
Letting agents are Hollis Hockley, Cushman & Wakefield, Savills and CBRE.
Adrienne Howells, Senior Development Director at GLP, said: “G-Park Basingstoke will fill a gap for first-class logistics space in this region of the UK and we expect to see strong demand from customers.”