£30m redevelopment of “fantastic” Battersea logistics complex gets green light

London investor-developer Avanton has secured planning permission for the redevelopment of industrial complex Culvert Court in Battersea, following acquisition of the site in June 2022.

As the first logistics site in its growing investment portfolio, the consented plans provide for a modern complex with a completed GDV of £30m. Located at 105 Culvert Road in Battersea, the existing site provides 128 micro-units, totalling 22,000 sq ft, a mixture of storage and small workshop units.

The redevelopment will deliver larger purpose-built industrial units to maximise available space and efficiency on site for tenants. The new site will provide 36,500 sq ft of multilevel logistics for Class E and B8 use.

There will be three modern industrial buildings, with unit sizes ranging from 2,150 sq ft to 5,860 sq ft located over ground, first and second floors. Building One offers a total of 13,340 sq ft. The multi-storey accommodation will offer flexibility to adapt the spaces as required by an occupant.

Wandsworth Council granted Avanton full planning permission for the redevelopment in January 2023. The design uses grey metal cladding with yellow powder-coated shutter doors and grey brick, designed by Boehm Lynas Architects and has a BREEAM “Outstanding” rating for sustainability, the highest possible rating for a development of this kind.

Avanton is ready to commence construction shortly and is in conversation with various specialist contractors for the construction contract. Contractors are being asked to provide a zero waste strategy statement and their ESG credentials are a key factor in the selection process.

The development will provide solar panels and Air Source Heat Pumps as part of its sustainability standards. The site is set to be finished in H2 2024. Avanton has also begun the tender process to appoint lettings agents to secure occupiers for the completed space.

Omer Weinberger, CEO of Avanton, commented: “We are very pleased to have secured a planning permission granted by Wandsworth Council for our Culvert Court site. This logistics site has fantastic potential, with a range of unit sizes and good accessibility.

“There is a shortage of inner city warehousing especially, and our new logistics complex will meet some of this demand. Our investment appetite is not limited to residential development and this site presented an unmissable opportunity.

“We are already experiencing strong interest from occupiers and will shortly be bringing the site to the market to secure pre-lettings ahead of completion of the development next year.”

By Matthew Neville – Senior Correspondent, Bdaily

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