The urban logistics market to the west of London has seen a spate of activity, with two new developments starting and another completing.
Aviva Investors has plans for a £32.7m development in Uxbridge, which will be constructed by the third quarter of 2018. This will consist of three warehouses of 120,000ft², 36,000ft² and 11,500ft² respectively and will be known as Uxbridge Industrial Park.
Alastair Wakefield, assistant director of Aviva Investors, said: “Urban logistics and last-mile opportunities remain at the top of the agenda for many in the market and this acquisition supports our broader real estate focus on core locations.”
The company already has assets in West London, including in Uxbridge and West Drayton.
Prologis is also active in West London and is speculatively developing a 152,000ft² building at its Prologis Park West London development in Hayes (pictured).
This is to be built by late autumn this year and will be available as a single warehouse or subdivided into units from 55,900ft² upwards.
In Bracknell, Berkshire, Segro has completed a 90,000ft² unit and has planning consent for further units.
Paul Lewis, Segro’s regional director for the Thames Valley, said: “Bracknell is one of the South East’s most compelling locations for industrial and logistics space, benefiting from exceptional motorway connectivity and an abundant workforce.
“We are seeing strong demand for the completed unit and look forward to embarking on the next phases of construction in due course.”
By Simon Jack