Prologis, the UK leader in logistics property, has started construction on the final building at Prologis Park Basildon on Christopher Martin Road. The distribution centre, which Prologis is developing speculatively, will be ready for occupation by the end of the year, completing the redevelopment of the former Visteon manufacturing site.
The 74,000 square foot unit, which has the potential to bring around 100 new jobs to Basildon, is next to the 86,000 square foot roastery that Prologis is developing for Costa Coffee and a 57,500 square foot facility that it is building for an expanding local company.
“There has been very little Grade A logistics space available in the Basildon market and we decided to build this final unit speculatively to meet the demand from businesses seeking to optimise their operations,” said Oliver Bycroft, director, Prologis UK. “Our main contractor, VolkerFitzpatrick is making excellent progress and the building is on schedule to complete before Christmas.”
Offering 12.5 metre clear height and 40 metre yard, the new building and has been designed to achieve a minimum BREEAM ‘very good’ accreditation and the best Energy Performance Certificate (EPC) rating possible for its size.
Prologis acquired the former Visteon site in 2008 and demolished the obsolete factory building, which had been constructed in 1957. In July 2015, Costa Coffee announced its plans for a £36 million roastery at Prologis Park Basildon and the site started to gain momentum.
“Prologis’ investment has regenerated the former Visteon site and we are delighted that the new park is attracting both national and local companies to Basildon,” said Domenico Cirillo, Senior Economic Development & Regeneration Officer, Basildon Borough Council. “It is good to see that the site is delivering a wide range of job opportunities for local people”
Glennys and CBRE are acting for Prologis.
Prologis owns and manages approximately 23 million square feet of logistics and distribution space in the UK as of June 30, 2016.