Member Article

Tritax has snapped up a 124 acre development plot in Dartford

Property investor Tritax Big Box has announced it has exchanged contracts to acquire a major development site in Dartford in £65m.

Located on a prime development site near the M25 motorway and near the Dartford Thames River Crossing, the plot at Littlebrook totals 124 acres supporting the potential development of around 1.7 million sq ft of logistics distribution buildings, including several big box logistics facilities of over 400,000 sq ft.

Tritax have touted the plot’s ‘excellent rail and port connectivity’ as well as its proximity to the Queen Elizabeth II Bridge and Dartford Tunnel as a big part of the former power station site’s appeal.

Colin Godfrey, Partner of Tritax, commented: “We are delighted to be acquiring this prime distribution development site in Dartford. Large strategic sites for Big Box distribution buildings within the M25 are scarce and are in strong demand from occupiers.

“The site is capable of supporting several Big Box distribution facilities as well as smaller urban logistics facilities for serving the London and South East markets in particular.

“The development of the buildings, in partnership with Bericote, will only commence on a pre-let basis and provide an opportunity for the Company to enhance our existing portfolio with further prime logistics investments at an attractive yield on cost.”