A joint venture between developer Chancerygate and SGN Place, the property development arm of gas distribution company SGN, has filed plans for a 95,000 sq ft urban logistics scheme in Croydon, south London.
The site measures four acres and is located on Factory Lane. Neighbouring occupiers include a Tesco distribution centre, Sainsbury’s, Royal Mail and Decathlon.
Under the proposals, the location will offer 14 facilities ranging from 1,000 sq ft to 17,000 sq ft. All will be speculatively developed and available on a leasehold basis.
Subject to planning approval from Croydon Council, works are expected to begin in January 2023, for occupation at the end of next year.
Jonathan Lee, development director at Chancerygate, said: “This is a hugely exciting opportunity to deliver the first leasehold multi-unit urban logistics site in Croydon for more than 10 years.
“There is very strong demand for high-specification, new-build urban logistics space in the town and the development has been designed to provide best-in-class last-mile facilities with the highest ESG credentials.
“Subject to planning, we look forward to working with our partner SGN Place to revitalise the site and create an enduring and sustainable asset for Croydon. We anticipate the development will enable the creation of more than 250 jobs, providing further economic benefit for the town.”
Cushman & Wakefield and Stiles Harold Williams will be the retained agents on the development.
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