Patrizia jv gets go-ahead for Croydon last-mile scheme

GLi, a joint venture between KSP and Patrizia, has received planning permission for two “ultra-sustainable” logistics facilities in Croydon, totalling around 107,000 sq ft. The scheme comprises of two facilities: CR1, measuring 52,605 sq ft, and CR2, which will provide 55,165 sq ft. GLi said the spaces have scope to be combined into a single facility. The site sits between Imperial Way and Queensway and is GLi’s first development to achieve planning outside Park Royal, west London. Both facilities are designed to save occupier costs and will be fully electric, with maximum rooftop PV coverage. They will be delivered with batteries included, allowing occupiers to store solar energy and collect cheaper off-peak electricity from the grid. GLi said will result in energy cost savings of around £1.50 per sq. ft. The site’s parking spaces will have access to EV charge points, which will allow businesses to convert to all-electric van fleets at a potential saving of up to £3,000 per vehicle per annum. Features will also include biodiverse landscaping and rainwater harvesting. The GLi platform aims to invest a further £640m in urban logistics properties and strategic locations across Greater London. David Johnson, chief executive at KSP, said: “Our designs help occupiers to save energy and operating costs, and deliver to their customers with even more efficiency. It also provides businesses with an ultra-sustainable building that will adhere to strict government energy efficiency targets.” Luke LeBrun, asset management director at Patrizia, said: “Delivering modern, high-quality logistics assets is absolutely essential for addressing the challenges of urbanisation and decarbonisation.” To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews Photo from GLi  View other planning permissions in Croydon >>