SEGRO gets planning for inner London warehouse schemes

SEGRO has received planning permission to deliver almost 80,000 sq ft of warehouse space in London’s Zone 2. Consent was granted by the London Legacy Development Corporation and London Borough of Lewisham for two schemes totalling 77,000 sq ft in Hackney Wick and Deptford. SEGRO Park Hackney Wick will consist of two warehouses totalling 53,000 on what is currently a brownfield site on Wick Lane. SEGRO Park Deptford will feature two units amounting to 24,000 sq ft. Between them, the two schemes are expected to support 130 new jobs. Both will feature EV charging points designed to support full EV fleets as well as PV installations. SEGO head of London Bonnie Minshull said: “Prime urban warehousing in London presents a resilient and robust investment opportunity, which is why we are excited to bring forward our proposals at SEGRO Park Hackney Wick and SEGRO Park Deptford. “Both schemes are integral to our urban warehousing strategy in inner London and are intended to appeal to a diverse range of customers serving the capital. “This will enable us to leverage our portfolio of urban assets in key strategic locations that have access to a strong potential employee pool, helping to reduce distribution costs and uniquely position ourselves to meet evolving market demand.” SEGRO has previously received consent for a regeneration scheme in Wapping and for a logistics development in Clapham. The four schemes form part of the REIT’s inner London warehousing strategy. See planning decisions in London >> Image © SEGRO