Tritax Big Box has secured planning permission to develop a 450,240 sq ft logistics facility in Littlebrook, Dartford.
The company gained permission from Dartford Borough Council for the proposed site, which is on 28.6 acres of land acquired in July 2017.
Tritax is targeting a yield on cost on phase one in excess of 6.5%.
The Littlebrook site represents one of London’s largest big box logistics parks. It can support the potential development of approximately 1.7m sq ft of logistics distribution buildings.
Discussions are now ongoing with Dartford Borough Council for a separate application for outline planning consent on the balance of the site.
Colin Godfrey, partner at Tritax, said: “The development team looks forward to continuing to build on the positive working relationship established with Dartford Borough Council to progress discussions to secure planning consent for the development of the balance of this site.
“We anticipate being able to provide additional new high-quality investments on a pre-let basis to the company’s portfolio over the coming years at an attractive yield on cost.”
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