Genesis, Basildon

Development Partner:

LaSalle Investment Management

Scheme:

Genesis, Basildon

Asset Class:

Industrial/warehouse

Size:

4.82 acres/93,838 sq ft gross internal area in 4 detached units

Type:

Acquisition and new speculative development

Project Overview

Taurus Developments and LaSalle Investment Management are working in partnership for our debut development project together. In December 2015, we exchanged contracts to purchase Site 16c, Endeavour Drive from the Homes and Communities Agency.

The site comprises 5.81 acres gross/4.82 acres net and is set within the established industrial and distribution location of Cranes Farm Industrial area, adjacent to the A127 London – Southend link.

The attraction of this development opportunity was reinforced by previous experience gained of undertaking development in Basildon. In addition, the general lack of development opportunities in this market at the current time, together with an established industrial/warehouse occupier base and perception of latent occupier demand, gives us added optimism.

Genesis has been developed on a speculative basis in four detached units ranging from 13,000 sq ft – 35,000 sq ft. The total built development is 93,140 sq ft gross internal area and practical completion was achieved in January 2018.

Genesis Website

Summary Specification

  • 4.82 acres net developable area
  • 93,838 sq ft (gross internal area) in 4 detached units
  • 8m clear internal height
  • Suitable for industrial, warehouse and trade counter uses
  • Available on new full repairing and insuring leases

Schedule of Areas – Gross Internal

 sq ftsq m
Unit 1
Warehouse12,1981,133
Offices1,245114
Total13,4231,247
Unit 2
Warehouse22,4352,084
Offices2,355218
Total24,7902,302
Unit 3
Warehouse31,8392,958
Offices3,397316
Total35,2363,274
Unit 4
Warehouse18,5771,726
Offices1,812168
Total20,3891,894
Overall
Warehouse85,0497,902
Offices8,827815
Total93,8388,717
Site Area4.82