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Panattoni and Legal & General’s Industrial Property Investment Fund (IPIF) are to speculatively develop a three-unit warehouse scheme in Basingstoke after acquiring an 11-acre site.
The new scheme on the former Motorola factory site, will accommodate three net carbon zero warehouses of 40,209 ft2, 77,548 ft2 and 96,302 ft2.
Known as V Park, the mid-box scheme is only two miles from both the centre of Basingstoke and Junction 6 of the M3 motorway.
Oliver Bertram, Development Director at Panattoni, said:
“V Park Basingstoke is being delivered at speed and we are looking forward to completing these ready for occupation by the end of Q2 2022. Demolition of the former Motorola factory is set to start in June this year. Once completed, the facilities could generate over 215 full time jobs.”
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