Commercial : Industrial News

New Chancerygate industrial units to be developed in Dagenham

A joint venture (JV) between a fund managed by Credit Suisse Asset Management Global Real Estate, Chancerygate and the international real estate firm Hines has acquired a six-acre site in Dagenham, East London. The JV intends to speculatively develop a new 165,000 sq ft industrial scheme on the site with

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Savills IM and Panattoni commence London net zero carbon logistics development

Savills Investment Management (Savills IM), the international real estate investment manager, working with Panattoni – the UK’s largest speculative developer – as development manager, has commissioned a new net zero carbon logistics/warehouse development at its Belvedere Wharf site in Bexley, southeast London. Belvedere is one of London’s premiere logistics locations.

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Latest Issue
Issue 335 : Dec 2025

Commercial : Industrial News

New Chancerygate industrial units to be developed in Dagenham

A joint venture (JV) between a fund managed by Credit Suisse Asset Management Global Real Estate, Chancerygate and the international real estate firm Hines has acquired a six-acre site in Dagenham, East London. The JV intends to speculatively develop a new 165,000 sq ft industrial scheme on the site with a gross development value of £50m. Plans will be submitted to deliver up to 20 units ranging from 3,000 sq ft to 33,000 sq ft for warehousing and trade counter use. Units will be available freehold or leasehold. The Rainham Road site, which was previously owned by wholesale electrical distributor Rexel UK Ltd, currently comprises warehouse buildings with ancillary trade counters and offices. Situated between the A12 and A13, the scheme is located less than half a mile from Hackman Capital Partners and Dagenham Council’s proposed £300m film and TV studios. Commenting on the acquisition, Chancerygate development manager, Tom Faulkner, said: “We are very pleased to have secured this exciting development opportunity in such a prominent London location. Our proposals for the scheme will address a shortage of high quality, new build warehousing supply in the area.” The Dagenham scheme will be the second acquired by the JV between the three parties following the 350,000 sq ft Network West development in Bracknell, Berkshire, which is currently subject to planning approval. Greg Cooper, Hines UK director of industrial and logistics, continued: “In developing a range of units speculatively, we aim to attract a variety of different businesses to Dagenham that are either expanding or relocating. “Given the site’s proximity to what will be a world-class film studio, we also expect our development to be an attractive option for businesses serving the TV and film industry. This serves as yet another example of our creative transformation of urban environments with leading edge logistics developments.” CBRE advised the JV on the site’s acquisition whilst Colliers International acted on behalf of Rexel. Len Rosso, head of industrial & logistics at Colliers International, said: “This year has shown the need for good quality industrial space across the country as supply logistics have been tested like never before. We have a historic issue of low-supply of industrial stock, so the development of speculative, modern industrial space in this east London location will help to meet the growing needs of the industry.”

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Derby Cycle chooses Verdion for new North German headquarters and plant

Verdion has been chosen by bicycle manufacturer Derby Cycle as the developer for its new 32,230 sq m headquarters and plant which will expand the company’s presence in northern Germany. The new facility will be funded and developed under a venture between Verdion and Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP). It will be located on a 63,000 sq m plot in the Ecopark Emstek industrial estate and open its doors in 2022, offering state-of-the-art production facilities as well as an inspiring work environment with open offices and working spaces. Another highlight will be the new Kalkhoff brand world, where Germany’s leading e-bike brand will showcase new models directly at the factory with advice, test drives on a dedicated test track on site and information about the brand and history. The new building will provide 26,500 sq m of production and storage, 5,730 sq.m. of office and communal accommodation and 510 parking spaces. Verdion is targeting a DGNB Gold sustainability certification for the building on completion. It will link to Derby Cycle’s existing 25,000 sq.m. logistics facility on the adjacent plot, which Verdion completed in 2015. Work has recently started on site. André Banschus, Executive Director of Verdion, adds: “Even before COVID-19, bicycle manufacturers were looking for more ways to respond to demand. The global sustainability movement has accelerated green city infrastructure projects and sales have significantly increased in recent years. “We are pleased to be delivering a second project for Derby Cycle, not only demonstrating our development expertise in complex manufacturing, but working closely with our partners to put in place the funding and lease structures needed to help Derby Cycle exploit this opportunity for growth.” Ecopark Emstek is located directly on the A1 motorway linking the Baltic Sea to the French border near Saarbrücken via several North Sea ports as well as the Rhine Ruhr metropolitan area. The municipality of Emstek borders Cloppenburg, the county capital with over 35,000 inhabitants. It is located 60 kilometres south-west of the Hanseatic city of Bremen. Verdion and HOOPP regularly partner on the financing, development and management of specialist logistics and production facilities across Europe, with a portfolio of over €1.2 billion GAV created over the last seven years. On completion of the building, Verdion will continue to work with Derby Cycle as HOOPP’s asset manager. List Bau is the general contractor, Phase 5 the project architect.

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Winvic Secures Contract with DSV to Construct Industrial Warehouse, Cross-dock and Office Facilities at Mercia Park

Global transport and logistics company DSV has engaged Winvic Construction Ltd – a leading main contractor that specialises in the design and delivery of multi-sector construction and civil engineering projects – to design, construct and partially fit out its new industrial facility at Mercia Park in North West Leicestershire. The Winvic team started on site last week and the project is due to reach practical completion at the end of August 2021. The industrial scheme comprises three buildings and has 34 dock levellers: A 358,000 sq ft steel-framed warehouse containing three mezzanine floors and two single-storey hub offices totalling 4,360 sq ft A 112,000 sq ft cross-dock terminal that contains a 7,050 sq ft single-storey hub office A 35,660 sq ft three-storey office building Winvic will be fitting out all of the office spaces to a high quality and the large stand-alone office building meets DSV’s global design standard. Prominent design features include a glass lift, wood panelled walls in an oak finish and a feature staircase. The external works package includes 381,700 sq ft yard space plus car parking for 406 vehicles, and the programme contains all drainage, retaining wall and hard and soft landscaping works. The project’s progress can be followed via the timelapse cameras streamed on Winvic Live. This news follows the announcement last month that Winvic was appointed by IM Properties to undertake the civils and infrastructure works at the 238-acre employment park, which is located adjacent to junction 11 of the M42. Furthermore, the project has been selected as the first of two schemes where the Computer-Vision-SMART technology will be developed; AI enabled cameras will be placed around the site and operatives will receive alerts via an app to warn them of nearby hazards to health and safety in real-time.    Winvic Construction Director, Rob Bull, said: “We’re naturally very pleased that DSV witnessed our client-first approach through our relationship with IM Properties and the vast civils and infrastructure delivery at Mercia Park, and also recognised Winvic as the leading main contractor in the sector that gets the job done right. The project is slightly unusual for an industrial project as the facility comprises multiple buildings with multiple storeys. These will be erected simultaneously and our expert team is confident of meeting the programme as well as DSV’s high expectations. “The scheme is expected to receive much interest from the industry and media due to it being the test-bed site for the recently unveiled Computer-Vision-SMART initiative, where brand new AI technology will be developed. External and – later into the programme – internal cameras will be installed on site, which will detect, recognise and track hazards. Myself and team members who will be working on the site are already excited to be part of the technological advancements and to start receiving risk alerts direct to their mobile or wearable devices.”    Brian Winther Almind, Executive Vice President, Group Property at DSV, added: “The new Mercia Park campus in North West Leicestershire is an important new site to DSV as it will become home to all three of our business units, DSV Roads, DSV Solutions and DSV Air and Sea. Our previous collaborations with Winvic have been extremely successful, so we’re looking forward to our ongoing partnership and the strengthening of our relationship through the construction of these modern and efficient facilities at Mercia Park.” One of Winvic’s 2020/2021 cohort of Year In Industry students – Elliot Smith – has been assigned to the DSV industrial warehouse scheme as a Trainee Site Engineer and Winvic’s VR Developer Morgan Hambling who is a construction management student will be working on site as part of a three-month placement. Visit the Winvic blog to read the experiences of those on year out placements. For more information on Winvic, the company’s latest project news and job vacancies please visit www.winvic.co.uk. Join Winvic on social media – visit Twitter @WinvicLtd – and LinkedIn.  

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Canmoor announces major deal with Agility Logistics at Westway Park, Renfrew

Canmoor is delighted to welcome Agility Logistics, one of the world’s leading integrated logistics providers to Westway Park. Relocating to Renfrew from Linwood, Agility has agreed terms on 40,000 sq ft of warehousing and distribution space at Block D on a ten-year lease. The space will be used to service growing business contracts in Scotland and around the UK. Agility ships, stores and manages the distribution of goods for businesses of all sizes across a variety of sectors. Operating in 100 countries, it employs more than 26,000 people around the globe. The Renfrew facility is the only one in Scotland and will join a network of 16 strategic locations across the UK. Mick Humphries, Area North West Europe Transport & Warehouse Manager of Agility said: “Our business in the UK continues to develop and we were looking to expand the Scottish facility. Connectivity and communication links were key business requirements and Westway was able to deliver the perfect solution, along with top quality space, within a 24-hour secure environment. “We will undertake fit out works at Westway and become fully operational by April 2021. Toby Saul, Asset Manager of Canmoor added: “Westway continues to be one of the top performing industrial and logistics locations in Scotland. Securing Agility is yet another positive boost for the park, following on from recent lockdown deals with Malcolm Group and the NHS. “It is clear that our ongoing strategy of investment and improvement is proving popular with occupiers in the Scottish market. Since purchasing Westway in 2018, we have invested significantly into building refurbishment and park infrastructure. “Our programme of building refurbishment and investment in park infrastructure will continue with the £3,000,000 refurbishment of Block D which will provide 40,000 sq ft to be let to Agility and a further 60,000 sq ft of top quality refurbished distribution accommodation which will be available to let from April 2021.” Westway is a key strategic industrial and distribution location that offers excellent connectivity to the whole of Central Scotland, with Junction 27 of the M8 only 3 minutes drive away. It is located in the heart of the Glasgow Airport Investment area, which is one of the key City Deal projects that will benefit from £39.1m of inward investment over the next 10 years. This will deliver significant infrastructure investment to the area including a new two-lane bridge over the White Cart, directly linking Westway with the investment area and airport. Westway also benefits from having its own private dock facility on the White Cart Water which accesses the River Clyde. This provides an alternative shipping solution particularly for large products that are unsuitable for transport by road.  Canmoor’s joint agents are JLL and Colliers. Agility was represented by Doherty Baines.

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Helios to create major warehouse confirmed for Stockton to create 3000 Jobs

A MAJOR warehouse, that is similar to the size of Amazon’s site in Darlington, has been confirmed near Stockton. Plans have been submitted to Stockton Borough Council for a two million sq ft logistics and distribution centre to be built in Wynyard, near Stockton. The site, which is understood to be a similar size to the recently opened Amazon Fulfilment Centre in Darlington, is expected to open in September 2022. The Tees Valley Mayor Ben Houchen today welcomed the ‘huge investment’ as he confirmed 3,000 jobs would be created during construction and when it opens. Mr Houchen said: “Logistics is a hugely important sector with huge potential for growth, that’s why the sector is playing an important role in my plan for jobs – a plan that is delivering good-quality, well paid jobs for local workers.  “With the deepest port on the east coast that’s also the fifth largest port in the UK right on our doorstep, we are well positioned to take advantage of the explosive growth in the sector that will come over the coming years.   “My number one priority is always attracting the businesses and investment to the Teesside, Darlington and Hartlepool that will create the good quality well-paid jobs we all want to see come to our region and that’s why I am backing these plans.”  Plans for the development have been submitted by Helios Properties for the new facility. Trevor Cartner of Helios Properties said: “I am thrilled that we have submitted our planning application to Stockton Borough Council for our proposed state-of-the-art logistics and distribution centre in Stockton.   “This is a huge investment into the area and once it is up and running this centre will create good-quality well paid jobs covering everything from fulfilment staff to HR to finance, business, IT support and engineering. There will also be a significant boost for our construction sector with many more jobs created and safeguarded  “We have only been able to get to this stage thanks to the backing of Mr Houchen who sees, as we do, the huge benefits in terms of jobs our plans will bring to the region.”  It has not been confirmed who the tenant of the huge site will be.

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Chancerygate secures planning for Warrington and Sutton Coldfield sites totalling 191,680 sq ft

Chancerygate has secured planning for two multi-unit schemes at Gemini8 in Warrington and Forge Industrial Park in Sutton Coldfield. The development at Gemini8 will see Chancerygate speculatively develop 119,675 sq ft of industrial and warehousing space as part of a joint venture (JV) with Hines, the international real estate firm. Comprising 5.1 acres in total, the scheme will provide 18 freehold and leasehold units ranging from 3,900 sq ft to 16,500 sq ft and is strategically located with direct access to the M62. Planning consent comes after Chancerygate and Hines acquired the site in January this year. The development at Forge Industrial Park in Sutton Coldfield will see Chancerygate deliver a 72,007 sq ft freehold light industrial and warehousing scheme featuring 11 units ranging from 4,467 sq ft to 24,003 sq ft. Chancerygate purchased the 3.1-acre site last August and work to demolish an existing 69,000 sq ft industrial building on the site is due to begin in November. Located next to Minworth Trade Park, Forge Industrial Park is located 2.2 miles from junction 5 of the M6, three miles from junction 9 of the M42 and seven miles north east of Birmingham city centre. Alastair King, head of development at Chancerygate, said: “We are seeing growing demand for high-quality industrial developments across the UK. This is being driven in part by increasing demand from retailers and institutional investors, both of which regard strategically located industrial space as a key asset. “Our scheme at Gemini8 is a great example of this. Historically, there has been a shortage of warehousing space in Warrington and there has not been a multi-unit development in the area for more than a decade. Now, we are seeing demand rise significantly and that is why we are best placed to invest in the area to speculatively develop 119,675 sq ft of industrial and warehousing space. “Rising demand is also a key driver behind our development at Forge Industrial Park. It is a well-established industrial area and is ideally located for retailers and funds looking to invest in warehousing and logistics to meet growing consumer demand for ecommerce and home delivery models.” Commenting on the scheme at Gemini8 in Warrington, Greg Cooper, Hines UK director of industrial and logistics, said: “This is an important next step in continuing to grow our portfolio with Chancerygate and deliver high-quality industrial schemes across the UK. The partnership to date has been highly successful at identifying modern industrial and logistics space in strategic locations across the UK and we welcome the momentum behind these quick transactions that allow us to deliver schemes at pace.” Joint agents on the Gemini8 scheme are CBRE and Davies Harrison. Joint agents on the Forge Park Industrial scheme are Knight Frank and Gerald Eve.

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JAYNIC to develop huge SHED at Suffolk Park in Bury St Edmunds for Belgian Logistics giant’s first UK location

Belgian logistics, real estate and motor-racing company Weerts Group has chosen Suffolk Park at Bury St Edmunds, Suffolk, for its first UK warehouse location and has secured just over 42-acres from developer JAYNIC for a new 870,000 sq ft logistics unit to be delivered by JAYNIC in summer 2021. This is the largest ever warehouse transaction to be undertaken in Bury St Edmunds and the West Suffolk region bringing major new investment and jobs to the region. The 870,000 sq ft logistics facility will be developed in two phases with a first phase of 476,000 sq ft to be completed in Summer 2021 and the second phase following immediately. A detailed planning application has just been submitted to West Suffolk Council. Weerts Group is renowned across Europe for its buildings where sustainability is an important feature. Weerts Group has chosen Suffolk Park because of its proximity to the Felixstowe ferry connection with the European continent and its proximity to Junction 45 of the A14 providing fast links into the UK motorway network. Ben Oughton, development director of JAYNIC, said: “This is a very significant deal for Suffolk Park, Suffolk and East Anglia. This transaction with Weerts Group comes swiftly on the heels of the sale of our SP206 unit to Chinese consumer goods importer M H Star and re-affirms the rapidly increasing popularity of the A14 as a logistics location. In under six months these two transactions amount to 1.1m sq ft of warehousing and the creation of around 700 jobs for the local economy,” Weerts Group is headquartered in Liège, Belgium and has operations in Belgium, Luxembourg, Germany, Hungary and Romania. Its General Logistics Services division offers its clients comprehensive solutions for warehousing, transport and value-add logistics services, with a strong focus on innovative solutions and engaging in continuous improvement projects with its clients. In 2017, it significantly expanded its operations through the acquisition of the in-house logistics of the Audi manufacturing plant in Brussels (65,000 sqm), where it operates all in-house logistics activities for the Brussels plant and is actively involved in preparing for the construction of the first full electric vehicle of the Audi group. Cllr John Griffiths, Leader of West Suffolk Council, said: “We welcome this new investment and the creation of new jobs here in West Suffolk helping to deliver the vision that the Council worked so hard to achieve when it set out to create the Suffolk Business Park.” Richard Pyatt, a director of Hazells Chartered Surveyors, comments: “Acting on behalf of JAYNIC we were delighted to introduce Weerts Group to Suffolk Park and assist in the negotiations for this transaction. This is a stellar example of the increasing demand from major logistics companies who see Felixstowe and the A14 as an alternative to the Kent ports for their links to the European continent. Securing a major occupier of this nature represents a significant boost for the local economy in Bury St Edmunds and underlines Suffolk Park as the pre-eminent logistics park in the region.” Elsewhere at Suffolk Park the 112,000 sq ft first phase of Treatt Plc’s new global headquarters, being developed by Jaynic is due for completion imminently. The 114-acre Suffolk Park has outline planning consent for 2 million sq ft of business, distribution, and industrial space. Suffolk Park agents are Bury St Edmunds based Hazells Chartered Surveyors, Cambridge agents Bidwells and Savills London’s logistics department. www.suffolk-park.uk

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Hörmann UK supports St.Modwen Industrial & Logistics in largest ever speculative logistics build

As St. Modwen Industrial and Logistics’ largest ever speculative logistics build, the industrial unit on the second phase of its flagship Tamworth site stretches an impressive 321,204 sq. ft and features the greatest innovations in building components, including Hörmann UK’s high quality portfolio of loading solutions. Building on its impressive industrial growth strategy, the latest construction is its highest specification to date and will act as a showcase scheme for future projects. Phase two, named T321, spans almost 480,000sq. ft and is strategically located at the heart of the Midlands’ motorway network, just off junction 10 of the M42. It’s prime positioning was chosen to meet the gap in supply for industrial units within the region, comprising of the highest standards in manufacturing, storage and distribution solutions. Building on its longstanding relationship with St. Modwen Industrial & Logistics, Hörmann UK was chosen to supply and install its market leading loading bay solutions, including single and double deck shelters, to ensure the site adequately fulfils the ever-changing needs of prospective clients. Its innovative Level Access Doors, Loading Bay Doors, Dock Bumpers, LED Traffic Lights and LED Dock Lights were also selected to provide a complete and complementary offering. Richard Carter, Senior Director – Construction for St. Modwen Industrial and Logistics’, said: “The construction of the first and second phases at St. Modwen Park Tamworth is a significant milestone for St. Modwen Logistics & Industrial as we successfully complete the construction of our largest ever speculatively built logistics building. “The impressive site will bring up to 1,700 jobs to the region, demonstrating our commitment to creating sustainable commercial developments that benefit all individuals involved. Phase two sets the bar for operational success, health and wellbeing, featuring our highest specification to date. “This includes over 150 of Hörmann’s innovative loading solutions, which have been installed throughout the site to support occupiers in achieving the highest standards in operational efficiency, safety and security. St. Modwen Park Tamworth sets the precedent for our growth strategy as we look to increase our output of commercial sites throughout 2020 and beyond.” The warehouse’s external design features single sided loading with 27 of Hörmann’s loading bays, which can be in operation 24/7 for maximum output. 23 of the bays include Hörmann’s popular single deck loading bay doors, dock levellers and dock shelters, while the remaining four bays feature its double deck dock shelters and dock levellers. This enables the site to adequately meet the needs of a diverse fleet, from standard heavy goods vehicles to double deck trucks. For increased thermal efficiency, the double deck docks are fitted with secondary electric roller blind top flaps to provide an efficient seal on smaller vehicles when using the bay, minimising any potential transfer of heat loss. This supports the site in achieving its BREEAM ‘Excellent’ accreditation, while the standard deck loading bays also offer outstanding thermal efficiency, with the insulated sectional panels enabling the doors to achieve a U- value of 0.5/Wm².K. The loading bays are also equipped with Hörmann UK’s LED external arrow traffic lights to signal to drivers when they can safely pull off from the bay. Its functional LED dock lights have also been installed on each bay to provide outstanding levels of safety during the unloading and loading process. Hörmann’s first class dock bumpers have also been fitted across each bay to provide additional protection. The bumpers are spring loaded to absorb the impact caused by heavy loads if they make contact with the bay, providing enhanced operational efficiency and safety to minimise any potential downtime due to damage. Three Level Access Doors were also installed throughout the warehouse for enhanced functionality, whilst also providing comprehensive thermal efficiency with a U-Value of 0.5/Wm².K due to its composite construction and insulated sectional panels. The electronically operated doors are fitted with an anti-lift device and an interlocked heavy duty shoot bolt to provide first class security for additional peace of mind. Paul Tulley, Key Account Manager for Hörmann UK, said: “Our presence at St. Modwen Park Tamworth is part of our wider commitment to provide £1million of loading bay solutions to St. Modwen Logistics & Industrial to support its impressive UK growth strategy. “We are very proud to have been selected by St. Modwen Logistics & Industrial as one of the prime suppliers on its expansion journey and it reflects our continued commitment to ensure we manufacture, supply and maintain the most innovative and quality loading solutions for supply chain operators. We look forward to working together throughout 2020 to see the completion of an impressive number of sites across the country.” To view Hörmann UK’s complete offering for the industrial market, visit https://www.hormann.co.uk or call 01530 516868.

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Goodman given green light for M25 340,000 sq ft prime e-commerce and deliveries site+

Green light granted for one of the largest warehouses available within the M25, meeting demand for quality logistics space close to the Capital Customers to benefit from access to a skilled workforce, including 1.6 million qualified locals1 Planning has been granted for a high specification 338,267 sq ft single unit warehouse at Purfleet Commercial Park, Essex.  Available to pre-let with the ability for an immediate start on site, Purfleet 338 is just 16 miles from Central London and at the heart of the M25 and A13 corridors, providing excellent connectivity across Greater London and the South East.  This location has prime access to the national motorway network, only half a mile from junctions 30 and 31 of the M25. This sees it able to efficiently service potential e-commerce, retail and third-party logistics customers, with capability of reaching 21 million consumers, with a combined purchasing power of £453 billion per annum2, within two hours.  Purfleet 338 also benefits from a sizeable base of potential employees – with 9,300 job seekers within a 30-minute radius and access to 1.6 million locals with qualifications relevant to logistics and distribution.     The warehouse will be developed to a BREEAM ‘Excellent’ specification and will include more than 29,000 sq ft of high quality office space. Sustainably designed and energy efficient, the property will feature electric car charging points and infrastructure for future electric vehicle fleets, solar thermal heating and hot water, and carbon neutral cladding. The wider park has been designed to meet the business, health and wellbeing needs of Goodman’s customers with outdoor seating alongside a pond, mature landscaping, and a delineated running track. George Glennie, Development Director at Goodman, said:  “Purfleet 338 sees Goodman continuing our commitment to provide critical infrastructure for delivery of essential goods and services.  “With this new development, we will further connect our customers with their consumers both in the Capital and wider South East region, helping them meet growing expectations for faster deliveries.” Purfleet 338’s plans also include an 18 metre clear internal height, 55 metre yard depth, 4MVA of power and a cladding system designed to meet chill-store requirements – offering customers flexibility in usage while maximising operational efficiency.   Glennie continued:  “Goodman focuses on securing key sites for properties that stand the test of time. We know that well located, designed and managed properties are better prepared for the challenges of tomorrow. Our Purfleet investment allows for rising demand in flexible, high-specification spaces that support supply chain efficiencies.”    To find out more about Purfleet Commercial Park, please visit the website for further details. Joint agents marketing the scheme are Cushman & Wakefield and JLL.

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Savills IM and Panattoni commence London net zero carbon logistics development

Savills Investment Management (Savills IM), the international real estate investment manager, working with Panattoni – the UK’s largest speculative developer – as development manager, has commissioned a new net zero carbon logistics/warehouse development at its Belvedere Wharf site in Bexley, southeast London. Belvedere is one of London’s premiere logistics locations. It will be the final phase of speculative development at the site following the successful disposal of the previous two phases. The new project involves the redevelopment of a six-acre site providing up to 112,842 sq ft of industrial/distribution space. The brand new development can be taken as a combined 112,842 sq ft unit or as two separate units of 51,446 and 61,376 sq ft each, and will be ready for occupation Q4 2021. Lucy Winterburn, Director, Investment, Savills IM, commented: “Belvedere Wharf is in an area with great potential for regeneration and growth. There is a growing shortage of land suitable for redevelopment within the M25, and this final phase of speculative investment in this asset demonstrates the confidence that we have in the resilience of London despite Brexit and the COVID-19 pandemic. To deliver a net zero carbon product is a first for our client, but a commitment that we are embracing across the portfolio in both standing investment stock and new development. It is an exciting milestone for the fund.” James Watson, Director, Panattoni, commented: “The UK’s industrial market remains robust despite current economic challenges. Supply of high quality logistics/warehouse accommodation is very low in the southeast, and as the economy normalises, Belvedere Wharf will offer a unique opportunity for us to capitalise on the current supply dynamics. We are delighted to be working once again with Savills IM, this time showcasing a net carbon zero development.” The agents on the scheme are Savills, Glenny and DTRE.

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