European real estate investment firm Blackbrook announced the development of a 400,000 sq. ft Class A logistics facility development near Doncaster, South Yorkshire.
Optimised for a single occupier, the facility will be built to a BREEAM Excellent standard and offer high quality modern specifications including 18-meter clear heights, 5T floor loads, generous parking provisions and convenient motorway access. Expected completion is in July 2023.
Located in South Yorkshire, the facility is perfectly suited for both national and regional distribution. The site is adjacent to the M18 motorway, which links to the M1 (UK’s main north-south arterial route) and the M62 (UK’s main east-west route). The dense motorway network allows for 90% of the UK population to be reached within four hours’ drive.
The location also benefits from multi-modal access with nearby Doncaster Airport, two rail-freight ports (Doncaster Railport and iPort) and three East Coast seaports (Goole, Immingham, and Hull).
The news follows a string of investments by Blackbrook in the UK, including the acquisition of ”Skygate”, a 550,000 sq. ft high-spec logistics facility in East Midlands Gateway, as well as the acquisition of a mission-critical cross-dock logistics facility in the Glasgow City region leased to Sainsbury’s.
Jon Strang, Managing Director of Blackbrook said: “With the lowest vacancy rate and some of the strongest rental growth in the UK, Yorkshire is a jewel in the north of England for the development of these types of assets. The region also boasts high quality logistics connections, as well as a very large and available workforce.”
Arvi Luoma, Co-Founder & CEO of Blackbrook added: “We’re delighted to be expanding our footprint in the UK, particularly in a region where demand is far outstripping supply, and the investment fundamentals remain strong. We look forward to continuing on our path as a leading supply chain infrastructure investor across Europe.”