Firethorn Trust has bought a last-mile logistics site development with a GDV of £52.2m in Rainham, east London, from Ryder.
The 4.3-acre site will offer a 97,000 sq ft speculative development, with works expected to begin in Q1 next year for completion in Q3 2023.
The deal marks Firethorn’s second foray into London’s logistics market after it acquired a four-acre site in Erith, south east London, earlier this year. Firethorn’s pipeline now exceeds 3.8m sq ft.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
US tariffs and UK insurance hikes are worrying dealmakers, but some see a chance for Europe to prove its worth
Housebuilder reiterates full-year completion and profit guidance
Company says it has had good start to the year in Q1 trading update
A local private investor has snapped up the multi-let office for £6.1m
