By Liza Helps, Property Editor, Logistics Matters

THE SCHEME on a brownfield site totalling 2.6 acres, will be known as LiteHub Greenwich and is located within the West Thamesmead Opportunity Area 5 miles east of the Blackwall and Silvertown Tunnels and 9 miles from the M25 motorway. It will be developed speculatively to create a best-in-class multi-let industrial park ready for occupation from Q4 2027.

The scheme will total 78,986 ft2 of new floorspace in six small to midbox units ranging from 5,555 ft2 to 16,000 ft2, targeting BREEAM Excellent and an EPC A+rating. A whole-life carbon focus, high energy performance and resilience, biodiversity positive measures, and supply chain and site social safeguards all form part of the plans.

It is the first partnership between Verdion and L&G, reflecting an increasing commitment on both sides to strategic urbanlogistics sites with strong growth potential. Verdion will be responsible for the development of the site on behalf of L&G, who will be the owner of the asset.

Verdion Executive Director of and head of its UK activity, John Clements, said: “This location within Greenwich offers a great deal of potential for value-creation. With high volumes of new residential coming forward nearby and constrained industrial & logistics supply, we have scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and M25. It will become the first asset for our UK-wide urban logistics platform, targeting brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.”

CBRE and Glenny are joint letting agents.

The architects are Corstorphine & Wright, working in conjunction with Verdion’s in-house technical team. The planning consultant was Quod.