Urban warehouse development kicks off in London
Multi-unit industrial developer and asset manager Chancerygate and real estate investor Bridges Fund Management have started building £30 million urban logistics park in Tolworth, southwest London.
Liza Helps, Property Editor, Logistics Matters
THE SCHEME, called Metroplex Park, is located on a 2.8-acre site in Red Lion Business Park acquired by Chancerygate for £8.6 million in 2022. It will comprise nine highly sustainable units ranging from 4,450 ft2 to 18,100 ft2 available on a leasehold basis.
Planning was granted in April 2023 and the development is being built by London-based contractor Harmonix Construction with practical completion due in summer 2024.
The development is expected to achieve BREEAM Excellent and EPC A+ rating as well as being Net Zero Carbon for regulated energy.
All units will be fitted with active and passive electric vehicle charging points and solar cells on their roofs which will provide green energy on an affordable basis to occupiers.
In addition, the accommodation is being constructed from high-performance building materials to reduce CO2 emissions and occupier operation costs.
Agents for Metroplex Park are JLL and Bonsors.
