Joint venture wins permission to develop ‘ ultra-sustainable’ logistics hubs in Croydon

The GLi joint venture between developer Kingston Space Property Ltd and asset investment manager PATRIZIA, has been granted planning permission to develop two ultra-sustainable warehouses in Croydon.

This scheme is the first GLi development to achieve planning outside Park Royal and furthers GLi’s aim to meet the increasing market demand for sustainable last-mile logistics space within the M25. Both units are designed to save occupier costs and are 100 per cent electric with maximum rooftop PV coverage.

CR1 (52,605 sq ft) and CR2 (55,165 sq ft) provide ideal opportunities for businesses looking to serve the south London and Southeast market and could be combined into a single 107,770 sq ft unit.

David Johnson, CEO at Kingston Space Property, 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.”

Luke LeBrun, director, asset management at PATRIZIA, added: “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.”