In response to demand for warehouse space commercial property developer Stoford has recently completed a £5m warehouse development in Basildon.
Leading plumbing supplies group Wolseley have purchased the 58,000 sq ft unit which will house a new Pipe Center, Climate Center and distribution facility. The unit is located on the 2.3 acre Bas55 site in Basildon.
“We are delighted to announce that Wolseley UK has purchased the recently completed 58,000 sq ft warehouse and distribution unit at our Bas55 site at Basildon in Essex. The site had been vacant since 2008. However, due to the recent surge in demand in the warehouse and logistics sector for high quality accommodation, we were always confident the market would respond positively to our development of the site.”
Dominic Stokes, Director, Stoford
Boom in distribution & logistics
With 40,000 people employed in the logistics sector in Essex, the county is a leading force in the UK logistics market with the south of the county particularly under the spotlight.
The demand for sites to house distribution companies is on the increase as the logistics sector continues to expand. Essex is a key logistics location due to its close proximity to London and access to market via sea, road and rail. These supply logistics play a key role in:
- Creating an efficient supply chain
- Contributing towards minimising food/product miles
- Reduction in costs, waste and carbon footprint
“The new purpose built site is a significant investment into our business’ future growth. The branch will hold an extensive breadth and depth of product to service all our customers’ needs. It is located near to major roads links, which means we are ideally placed to offer even faster delivery, particularly to London sites, and unrivalled customer service.”
Andy Wighton, Managing Director of Pipe Center and Climate Center
South Essex logistics offer
A logistics location in Essex enables cost effective direct distribution of imported cargo to reach almost 50% of the UK’s GDP and 35% of its population within 2.5 hours’ drive by truck.
Home to two of the closest ports to London; the Port of Tilbury and DP World London Gateway, the areas around these ports are now the focus for some of Europe’s largest growth regeneration projects including Europe's largest logistics park.
Source [Stoford] [SHD Logistics]