The Healthcare of Ontario Pension Plan (HOOPP) and Verdion are developing two logistics units in the UK.

The warehouse assets are part of Verdion’s ongoing £400m (€554m) iPort development in Doncaster, South Yorkshire.

The development of one 200,000 sq ft unit and one unit of 120,000 sq ft is due for completion early next year.

In late 2013, HOOPP said it was funding the development of a €1bn European logistics portfolio over the next five years through a partnership with Verdion, formerly Helios Europe.

The partnership invested in a 110,000 sqm logistics scheme in Hanover and has a stake in Verdion’s €250m Link Project in Germany.

John Clements, European development director at Verdion, said that, with strong occupier demand and an ever-decreasing supply of existing space, the time was right to build inventory stock.

“The iPort can accommodate individual unit sizes from 50,000 sq ft to over 1.2m sq ft in a variety of configurations and specified exactly to occupiers needs,” he said. 

“This flexibility, as well as the many other attributes, will enable iPort to capture any number of space requirements in the South Yorkshire market and beyond.”

iPort will deliver more than 6m sq ft of grade-A logistics warehousing linked to a rail freight intermodal container facility with rail freight services.