Woolwich brownfield site for urban warehouse scheme
Developer Verdion has teamed up with investor L&G to bring forward a £30 million urban logistics scheme on a 2.6-acre brownfield plot in Woolwich, Southeast London.
By Liza Helps, Property Editor, Logistics Matters
THE SCHEME totalling 78,987 ft2 will comprise six units rnaging from 7,500 – 18,000 ft2 built target BREEAM Excellent and an EPC A+ rating. Verdion will be responsible for the development of the site on behalf of L&G, who will be the asset owner.
The site on Nathan Way, part of the West Thamesmead / Plumstead Industrial Area and West Thamesmead Strategic Industrial Location will be developed speculatively.
The acquisition is part of Verdion’s UK-wide urban logistics strategy, targeting brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.
It is the first partnership between Verdion and L&G, reflecting an increasing commitment on both sides to strategic urban logistics sites with strong growth potential.
Verdion Development Director UK Mark Garrity, said: “This acquisition is a significant milestone for our UK strategy, and its Thamesmead location sets a clear standard for Verdion’s future acquisition programme. High levels of demand are anticipated, both from displaced occupiers further north and west, and from new tenants attracted by inner South East London’s improved transport links.
“Our masterplan has been optimised to accommodate a wide range of sizes and uses to capitalise on this geographic shift and we are now ready to move forward with these speculative development plans targeting Q2 2027 completion.”
CBRE, DWF and Macfarlanes advised the purchasers. Glenny advised the sellers.
