St. Modwen Logistics backs Basingstoke scheme
St. Modwen Logistics has backed the construction of a manufacturing facility in Basingstoke with an GBP18.1m investment.
The move saw the company build 190,000 sq ft of space for LevertonHELM - a joint venture between Leverton Lithium and HELM AG. Leverton Lithium was founded in Basingstoke more than 45 years ago and, as LevertonHELM, it will occupy the whole of St. Modwen Park Basingstoke, comprising three warehouses and two retail pods, which will be used as staff refectories.
St. Modwen Park Basingstoke provides LevertonHELM with the modern and larger space needed to scale up its production and manufacturing of battery grade Lithium chemicals in Europe. It will also provide additional capacity for the growing needs of its global customers.
Polly Troughton, managing director at St. Modwen Logistics, said: "At St. Modwen Logistics we are committed to providing our customers with the space and support they need to succeed.
"Working closely with the local authority, we are proud to be investing in the redevelopment of the site, which supports LevertonHELM's continued growth and expansion, helping create local jobs and generating economic growth in and around Basingstoke." David Hicks, chief executive of Leverton Lithium, added: "The lithium industry is developing rapidly and we are delighted to be joined by HELM AG as our company continues to grow. "This manufacturing space will help us respond to market demand and support our operations as we provide large-scale manufacturing of battery grade chemicals."
Andrew Newman, joint letting agent for Hollis Hockley, said: "It's great that we have been able to work with St. Modwen Logistics, LevertonHELM and the council to secure such a fantastic result. "LevertonHELM has secured a prime campus on which to manufacture lithium and the redevelopment will not only generate revenue, but also bring more jobs directly and indirectly to the borough."
Hollis Hockley was joint letting agent with Savills and London Clancy.
BDT provided background advice to LevertonHelm.