Konect 62, a 136-acre tri-modal logistics development, was acquired with outline planning consent for 1.4m sq ft of prime logistics accommodation.
At 735,000 sq ft, ‘Big K’ is the largest of four units that will be delivered as part of the 1.1m sq ft phase 1.
The development represents the country’s only inland distribution park ready enabled to offer tri-modal connectivity to the UK and continental Europe via road, water or rail.
Damian Flood, CEO at Cole Waterhouse, said: “Having successfully secured the site last year, we are pleased to now be able to press ahead with the first phase to ensure the site is oven-ready for occupiers.
Enabling works are underway and we are now working towards a construction start date of September 2022 with the first facilities, scheduled to reach sectional completion from Q3 to Q4 2023.”