Glencar is demolishing an old office building that was previously owned by pharmaceutical company Eli Lilly, while also undertaking site clearance and enabling works.
Steelwork is expected to begin by the end of May.
The 拢17m warehouse, which will be named G-Park Basingstoke, is being forward-funded by Singapore-headquartered property group GLP, via Bridges Fund Management and Wrenbridge Land.
The developers are targeting an EPC A+ and BREEAM 鈥榚xcellent鈥 rating, together with a 鈥榥et zero target build鈥. It is expected to be available for occupation by March 2024.
The site, on Priestley Road, is part of the established Houndmills Industrial Area, which is already home to business including Sainsburys, Royal Mail, XPO Logistics, Leverton Clarke and Game.
It is Glencar鈥檚 second project for Wrenbridge, which Glencar regional managing director Roy Jones described as a 鈥渓ongstanding and highly valued customer鈥.
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