Including innovative warehousing, distribution hubs and data centres
London is the UK’s largest and most significant economic region and a leading global city. Resilient and agile supply chains enable London to function successfully, and logistics property (warehouses and distribution centres) are critical nodes in practically all supply chains. Virtually everything that is consumed or produced in London passes through warehouses.
More widely, industrial property in London supports a huge diversity of activities including manufacturing, light industrial activities (e.g. assembly) creative industries (such as film), R&D activities and data centres.
London’s supply of industrial land has been in long-term decline due to competition from other land uses, which historically enjoyed higher land values. According to the GLA, London’s stock of land in industrial use declined by c. 6,800 ha between 2001-2020. In the 10 years to Q3 2023 the industrial property sector in London delivered rental growth of 6.9% per annum and a total return of 14.2% per annum, compared with an all-property average of 1.7% and 5.8% respectively (according to the MSCI Quarterly Index).
The decarbonisation of industrial and logistics activities will play a leading role in the UK’s transition to net zero which will require huge investment in new technologies and processes and new low-carbon forms of transport.
Industrial and logistics property is part of London’s critical infrastructure. It requires new investment to support growing demand and the transition to net zero. The sector has a proven record of delivering good returns to investors.
Industria is a new concept in industrial working and once completed, will be the first multi-storey light industrial development to be built in the UK. Located in Barking, the site will be a vibrant, productive centre, home to wide range of industrial enterprises. Industria will house tenants in flexible units arranged around a vehicle accessible multi-storey hub.
Key features include: 4 storey core buildings arranged each side of the courtyard and flexible light industrial units from from 1700-5200 sqft (160-475 sqm) and flatted factory units from 140-2500 sqft (15-230 sqm).Industria is expected to provide jobs for up to 250 people.
SEGRO V-Park Grand Union is an innovative new concept for delivering light industrial warehousing space in areas where land is constrained and is designed to maximise employment space.
This pioneering 134,500 sq ft. six storey development will provide modern, light industrial space, as part of the wider regeneration of the site, previously known as Northfields Industrial Estate. The wider 22-acre site is being transformed by St George into a vibrant new mixed-use neighbourhood in Alperton compromising 3,350 homes, 35% of which will be affordable, providing an innovative demonstration of industrial intensification and co-location of industrial space and residential accommodation.
