FARRRS Link Road Paves The Way For Verdion’s 6 Million Sq Ft Inland Port Doncaster

15/10/2013

Today (14th October 2013) work officially started on site to build the Finningley and Rossington Regeneration Route Scheme (FARRRS) link road that will enable Verdion’s £400 million Inland Port scheme to commence.

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.

Logistics developer and investor Verdion, with backing from its funding partner the Healthcare of Ontario Pension Plan (HOOPP), is developing the scheme on a 700 acre (283 hectare) site in Rossington, Doncaster. Enabling works will commence in November this year.

Planning permission was secured for iPort in July 2011. 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.

Michael Hughes, CEO of Verdion, comments: “This is a tremendously exciting project for us and for the Doncaster region. Doncaster has been acknowledged for some years now as a premier central UK location for the distribution business. Labour supply, proximity to the UK ports and good road connectivity has made it the place of choice for many major companies, including IKEA, BMW, NEXT & B&Q.

“This Strategic Rail Freight Interchange will offer the very best in UK and European logistics design and building quality, with buildings available for occupation from as early as Q1 2015.”

Sustainability is integral to the development, with 300 acres set aside for mitigation, wildlife conservation and landscape betterment. Buildings will be designed to maximise energy efficiency and use renewable, reclaimed and recycled materials wherever possible. Logistics Buildings will achieve BREEAM Very Good accreditation and Excellent accreditation for their office facilities.

Notes to editors:
About FARRRS
The three mile stretch of road will include a dual carriageway from the M18 towards Rossington to support the Inland Port. The link will continue as a single carriageway to the A638 at Parrot’s Corner and a direct connection will be provided into Rossington.

Raised embankments will be used for most of the link road using reclaimed fill material from the former colliery spoil tips, while several structures will be built including crossings over the Brancliffe to Kirk Sandall (BKS) railway line and the East Coast Main Line.

Carillion has been appointed as the main contractor for the scheme which will become fully operational in early 2016.

The first section of the road required to service the Inland Port is to be delivered to a 52 week programme. This tight deadline has been put into place to enable the opening of the Inland Port in early 2015.

The £56 million project is funded by about £34m of private sector contributions:
£18m of funding from the Regional Growth Fund; £3.6m from Doncaster Council, and; £0.4m from the Local Transport Plan (LTP)

Verdion
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 Europe. The company has offices in Dusseldorf and Vienna, with its HQ in London. Formerly known as Helios Europe, Verdion was formed in January 2010 by Michael Hughes.

HOOPP
Created in 1960, HOOPP is the pension plan of choice for Ontario’s hospital and community-based healthcare sector with over 440 participating healthcare organizations. HOOPP’s 274,000 members include nurses, medical technicians, food services staff and laundry workers, and many other people who work hard to provide valued Ontario healthcare services.

As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member’s earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life.

HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses’ Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees’ Union (OPSEU), and the Service Employees International Union (SEIU). The unique governance model provides representation from both management and workers in support of the long-term interests of the Plan.

For further information, please contact:

Kate Titchmarsh, Flashbulb PR
Tel. +44 (0)20 3440 4116
kate@the-flashbulb.com

Verdion (London)
Tel. +44 2071939557
info@verdion.com