La Salle and Taurus acquire site in Basildon

Glenny has been appointed as joint leasing agent by La Salle Investment Management and Taurus Developments on a joint-development scheme on a five-acre site in Basildon, Essex. Together, La Salle and Taurus acquired the greenfield site and will bring forward the development, which comprises of 97,000 sq. ft. of industrial/warehouse space in four detached units ranging from 13,750 sq. ft. to 36,000 sq. ft. The new development, which has been branded "Genesis", will be developed speculatively. Planning was granted in early 2017 with work due to commence in May 2017; completion is due in December 2017. John Bell, Managing Partner and head of the Business Space Agency division, said:

"In an under-supplied market, Genesis represents a fantastic opportunity for La Salle and Taurus. It's a first-class development opportunity, these are becoming increasingly hard to find in such sought-after south-east locations. The speculative developments proves that occupier demand is growing stronger and stronger in regions such as Basildon."