Multi storey urban warehouse for Enfield

By Liza Helps Property Editor Logistics Matters

Real estate investor developer British Land secured a resolution to grant planning permission for the 455,000 ft2 scheme at Heritage House, Enfield, near Junction 25 of the M25motorway last week.

The main 435,000 ft2 building will be split into two levels, allowing access to HGVs to both the ground and first floor service yards. The plans provide flexibility of layout, including potential for sub-division, to meet the requirements of a wide range of occupiers and ensuring the building can meet both current and future market demand. British Land is also providing 20,000 sq ft of space at the front of the site to cater to smaller occupiers.

The scheme will target a BREEAM Excellent and EPC A rating. All available roof space will be used for solar photovoltaics which, combined with air source heat pumps, will offset 80% of the site’s carbon emissions.

British Land acquired Heritage House, a 200,000 ft2 warehouse, in 2021. The site is currently let to Waitrose and Crown Records Management.

British Land currently has a 2.9m ft2 Greater London urban logistics pipeline with a gross development value of £1.3bn. This includes two sites off the Old Kent Road (Mandela Way and Verney Road), Finsbury Square Car Park, The Box at Paddington Central where planning consent was received earlier this year, and sites at Wembley and Thurrock.

To date, British Land has submitted planning applications for 1.6m sq ft of potential urban logistics space.

Mike Best, Head of Logistics at British Land, said: “Our densification and repurposing strategy will help address the acute shortage of prime logistics space in London. British Land has over 1 million ft2 of urban logistics schemes currently in planning.”