North London midbox warehouse scheme on cards
Joint venture partners developer Fiera Real Estate and Danescroft have secured a £24 million debt facility from Alpha Property Lending to fund the development of a 134,000 ft2 logistics scheme at Claverings Industrial Estate in Edmonton, North London.
By Liza Helps, Property Editor, Logistics Matters
THE SCHEME is set to deliver seven high-quality units ranging from 10,000 to 30,000 ft2. All units will benefit from 10-12m eaves heights and expansive yards of up to 35m. The buildings will target BREEAM Excellent and an EPC A+ rating and will be built Net Zero Carbon in construction. The scheme is set to have a GDV of £70 million.
Having received planning approval in October last year, construction works are already underway, with completion targeted for Q4 2026. MCS has been appointed as the main contractor for the site.
The obsolete 1950s industrial estate on 5.6 acre site in Edmonton, was purchased from the London Borough of Enfield for a price of £21.4 million in June 2024 5.6 acre through the Fiera Real Estate Logistics Development Fund. SBY advised on the acquisition.
Claverings is strategically positioned just north of Meridian Water, with excellent connectivity via the A10, A406 (North Circular) and Junction 25 of the M25.
