East Plus development promises 1.4m sq ft for logistics
05 October 2015
The Mayor of London, Boris Johnson MP revealed plans for the redevelopment of 86 acres of industrial land owned by the Greater London Authority in London Riverside.
SEGRO was selected as the GLA’s preferred partner to deliver the development on the sites, which are known collectively as East Plus. East Plus is a series of industrial locations spanning Newham, Barking & Dagenham and Havering on both sides of the A13 corridor – which links central London and the Port of Tilbury.
SEGRO estimates that the sites can support approximately 1.4 million sq. ft. of new urban logistics and light industrial spaces. SEGRO’s investment is expected to be approximately £180 million over the coming years.
The Mayor of London, Boris Johnson MP, said: "London’s population is at a record high and people are increasingly looking to the east as a place to live and work.
"We are already working hard to build the houses that people need, so I am delighted to welcome SEGRO aboard to help create the jobs. This site has bags of potential and I can see it becoming one of the most sought after addresses for industry – whether large or small.”
The planned 10 year partnership between the Greater London Authority and SEGRO will see 86 acres of land across five sites rejuvenated for a range of industrial uses, with the land to be transferred to SEGRO in stages over the life of the partnership.