Planning permission granted for new London logistics scheme
Property developer and investor British Land has secured planning permission for a “c.140,000ft² multi-level last-mile logistics scheme” in Southwark, South London.
Formerly a car pound belonging to Southwark Council, the site will be redeveloped into a four-floor logistics hub offering “flexible, high-quality, sustainable logistics space”. HGVs and cargo bikes will access the facility via the ground floor, with lifts providing access to upper floors.
British Land is targeting BREEAM ‘Excellent’ certification for the scheme, which it hopes will contribute to its target of achieving a net zero carbon portfolio by 2030, as set out in its 2030 sustainability strategy. In order to achieve a BREEAM ‘Excellent’ rating at the South London scheme, the company intends to “implement low-carbon materials and a circular economy strategy to lower embodied and operational carbon emissions”.
This development takes British Land’s pipeline to a total of 2.9 million ft². Additionally, the company claims that its urban logistics projects in Greater London have a gross development value of £1.3 billion.
Amongst British Land’s assets in London is a 121,000ft² Paddington facility known as ‘The Box’. Planning consent was granted for this ultra-low carbon logistics hub in May, with works expected to commence in Q4 2024.
Speaking on the Southwark site, Mike Best, Head of Logistics at British Land, said: “Mandela Way is the latest scheme in our London urban logistics pipeline to receive planning consent following approvals at both Paddington Central and Enfield earlier this year, enabling us to bring forward another high-quality logistics project and continue to address the acute undersupply of sustainable, modern warehousing in Greater London.
“We continue to explore new opportunities to leverage our longstanding investment and development expertise to source and execute acquisitions which unlock opportunities to densify London’s logistics supply.”
Source: logisticsmanager.com