GLi granted planning permission for ultra-sustainable logistics hub in Croydon
GLi, a joint venture between property development company KSP and real-estate investment company Patrizia, has secured planning for two ultra-sustainable warehouses in the Croydon industrial area.
The locations, CR1 (52,605 sq ft) and CR2 (55,165 sq ft), are between Imperial Way and Queensway. The position of these sites make the location ideal for companies serving the market in both South London and the South East – the locations are potentially combinable as well.
This scheme marks GLi’s first development to achieve planning outside of Park Royal. The Croydon scheme will help the company meet the increased market demand for sustainable last-miles logistic spaces within the M25.
Chief executive officer at KSP David Johnson said: “Croydon is a perfect location for our first units serving Croydon, South London, and the Southeast. 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.”
Both units are designed to save occupier costs and are 100 per cent electric with maximum rooftop PV coverage. CR1 and CR2 will be delivered with batteries included as standard, allowing the units to store solar energy and collect cheaper off-peak electricity from the grid.
All of the unit’s parking spaces will have access to EV charge points, meaning businesses that convert to all-electric van fleets will save over £2000 a year per vehicle. The sites will also harvest rainwater and create biodiverse landscaping.
Director of asset management at PATRIZIA Luke LeBrun said: “Delivering modern, high-quality logistics assets is absolutely essential for addressing the challenges of urbanisation and decarbonisation. Through our GLi platform, we are developing a portfolio of best-in-class urban logistics properties from the ground up, accelerating London’s ability to respond to these challenges while also generating significant value for our investors, tenants and Londoners more broadly.”
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