Private equity real estate investor Paloma Capital and developer Graftongate have secured planning consent for the speculative development of an urban logistics scheme in north London.
Urban Logistics Tottenham will deliver seven grade-A industrial and warehousing facilities totalling around 65,000 sq ft, on a 2.31-acre site at the corner of Brantwood Road and Willoughby Lane in Tottenham.
The properties will measure between 6,320 sq ft and 36,970 sq ft, with scope to be combined to suit occupier demand.
Paloma Capital and Graftongate will target BREEAM Excellent and an EPC A rating for the scheme, which is expected to be available for occupation from Q4 2023.
Paloma Capital director, asset management and investment, Charles Lunnon said: “Warehousing remains the most attractive mainstream UK real estate sector and inner London has the greatest disconnect between supply and demand.
“This acquisition presents a very rare opportunity to develop a strategically located high quality last-mile logistics scheme to address this demand.”
The scheme’s agents are DTRE and Cushman & Wakefield.
See more planning information for Tottenham>>
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