Doncaster’s reputation as an investment hotspot has been endorsed with a major North American investor backing a key development in the town.
Up to 5,500 jobs could be created in Doncaster after a large North American company invested in a key development in the town.
Verdion, formerly known as Helios Europe, has signed an exclusive deal with the Healthcare of Ontario Pension Plan which will see work start on an inland port in Rossington.
The inland port, known as iPort, is one of the private sector developments that will get off the ground thanks to the Finningley and Rossington Regeneration Route Scheme.
The new link to the motorway network also unlocks growth potential at Robin Hood Airport and will help delivery of about 1,200 homes through Harworth Estates’ planned development on the former Rossington Colliery site.
The six million sq ft rail logistics project will see about 5,500 jobs created in Doncaster giving the local and regional economy a boost.
Doncaster mayor Ros Jones welcomed the news.
She said: “HOOPP is another major investor to see the growth potential of Doncaster. “We have a clear strategic vision for the town and by putting the right infrastructure in place we are supporting major private sector investment.
“As one of the top 100 pension funds in the world, HOOPP’s commitment to Verdion’s iPort development is a real feather in our cap.
“Doncaster is firmly on the up and overseas investment in projects like this justifies our optimism for the future. We are looking forward to a project of European significance locating within our borough.”
Michael Hughes, CEO of Verdion, said: “HOOPP is the absolute ideal long term partner for our company. They already heavily invest in the industrial and logistics sector in North America and have been looking for a suitable partner to expand their exposure to the UK and European logistics market for some time.
“With over $5billion invested in real estate, managed by a highly entrepreneurial Toronto-based property team, their backing is a massive endorsement to our business and for Doncaster.”
Michael Catford, Vice President, Real Estate at HOOPP, said: “This is a great opportunity for HOOPP to partner with an experienced developer to create a pipeline of logistics facilities in the UK and Europe and builds upon our extensive experience and investments in the industrial sector across Canada.”
HOOPP will also take a stake in Verdion’s other projects in Germany.