Akeler - Mixed-Use Development - Essex, Basildon

Date: 17 Nov 2000

Business space developer Akeler has been chosen by the world’s second largest car component manufacturer, Visteon Corporation, to develop a 6,968 sq m (75,000 sq ft) headquarters building in Basildon, Essex.

The building will form phase one of Visteon's new European headquarters campus, which may comprise up to 32,516 sq m (350,000 sq ft) of office and r&d space.

Akeler will develop the first phase office facility on part of a 5.7-hectare (14-acre) site, next to Pipps Hill Business Park. The new building will allow Visteon to centralise a number of its existing nearby office facilities and is scheduled for completion around the end of next year. The remaining phases are expected to be built out over the next four years.

Trevor Silver, managing director of Akeler, says: "Visteon needed an experienced development partner to guide them through the long-term process of a major phased development. We have an established track record of helping a number of high-tech and telecoms customers in this way and are pleased to be able to apply this expertise to a wider business spectrum. We are very much looking forward to working closely with Visteon over the next few years."

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