The Basingstoke site is located within the wider Viables Business Park and will be known as St. Modwen Park Basingstoke following the grant of planning consent from the local authority in January 2020.

David McGougan, Senior Development Manager at St. Modwen Industrial & Logistics, said: “St. Modwen Park Basingstoke forms part of our strategy to grow a high-quality industrial and logistics portfolio. After obtaining planning permission at the start of this year, our breakthrough development agreement reaffirms our intention to press on with these plans and deliver an industry-leading employment scheme for Basingstoke. The terms we’ve agreed will enable us to fulfil the local authority’s aspiration to deliver regeneration and drive employment.”

Construction of three high-quality speculative units of 36,987, 51,572 and 97,781 sq ft respectively will have commenced in September 2020. As per the agreed timetable for the development, units at the site will be available as early as Q3 2021, creating up to 250 new jobs once occupied.

Cllr John Izett, Basingstoke and Deane Borough Council’s Cabinet Member for Regeneration and property, said: “We are delighted to have reached an agreement with St. Modwen which will enable the company to redevelop this site near the M3 for a new logistics park, creating 250 high quality local jobs once complete.

“This investment and the new jobs it will bring is especially welcome at a time when the priority is on recovering from the effects of COVID-19. It demonstrates Basingstoke remains open for business."