As 2016 drew to a close, we celebrated leasing the final building at Prologis Park Basildon to Swan Commercial Services. With this deal, we completed the Prologis Park development, regenerating the former Visteon factory site on Christopher Martin Road and bringing many new jobs to the town.
Following Visteon’s decision to close the factory, Prologis demolished the original 1950’s factory - which was obsolete - and began investing in the site to attract new occupiers and employment opportunities. In July 2015, Costa Coffee announced plans to build Paradise Street, its £36 million roastery on the first phase of the site and Prologis Park Basildon started to gather momentum.
Preparing the site for re-development, we remediated areas of historic contamination and services were installed.
Demand for Costa Coffee is growing rapidly both in the UK and internationally, so Paradise Street has been designed to be the best coffee roasting facility in the world, increasing the company’s roasting capacity from 11,000 tonnes to 45,000 tonnes of coffee beans every year. It has been a complex, technically demanding project, but it completed on schedule and is now being fitted out to launch in the spring.
Next to the Costa roastery, we decided to build two speculative units of 57,500 square feet and 74,850 square feet, which started on site in summer 2016. The smaller of the two units was let at an early stage to an expanding local company and the lease for the 74,850 square foot facility was signed with Swan as the building completed.
Since regeneration has been such an important theme at Prologis Park Basildon, we are particularly pleased that the site will continue to play a key role in the redevelopment of the town.
Swan Commercial Services, which is a subsidiary of Swan Housing Association, provides high quality modular homes for affordable and private housing. The company will use the new unit at Prologis Park Basildon to manufacture housing modules for on-site assembly and as Geoff Pearce, Executive Director, Regeneration and Development at Swan said:
“The location suits us well as we are working with Basildon District Council on a large regeneration of the Craylands estate, now known as Beechwood.
“Initially we will produce up to eight homes a month under the NU build brand, which will enable us to deliver an exemplar scheme at Beechwood, bringing together the best of modern construction methods, contemporary design and 21st century environmental performance.”
Sustainability has been another important strand in the Prologis Park Basildon story. The two units that we started speculatively both achieved BREEAM 2014 ‘excellent’ accreditation and EPC ‘A’ ratings. Then at the end of 2016, we learnt that the new Costa roastery has not only been awarded design stage BREEAM 2014 ‘outstanding’ accreditation but that it has also been shortlisted for the BREEAM 2017 Awards.
Less than 10 years after we acquired it as a contaminated brownfield site, Prologis Park Basildon can look forward to a bright future that is both environmentally and economically sustainable.
As Dominic Cirillo, Senior Economic Development and Regeneration Officer at Basildon Borough Council said: “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. It is good to see that the site is delivering a wide range of employment opportunities for local people.”