Planning consent granted for job-creating London warehouse development

Planning consent has been granted for a new warehouse development in London which could create jobs in the area.

RPMI Railpen (Railpen), the investment manager for the £30bn railways pension schemes, and Wrenbridge have been granted planning consent for a 128,000 sq ft warehouse development in Waltham Cross, London.

The development will create six Grade A units ranging in size from 5,400 sq ft to 84,500 sq ft.

Wrenbridge will act as development partner with Railpen, with the new units due to be completed in Q2 2021.

Alastair Dawson, senior asset manager at Railpen, commented: “Securing planning consent achieves a major milestone in our objective of creating a new, Grade A warehouse development in this prime London location.

“We are committed to delivering this scheme and re-generating this derelict site, creating jobs for the Borough of Broxbourne.”

Jeff Wilson, Director at Wrenbridge, added: “The industrial sector continues to grow, with demand for premium space outstripping supply.

“This new development in Waltham Cross, with its range of unit sizes and excellent accessibility, is exactly what the market is looking for.”