Plans are afoot for a major Grade A urban logistics space on a four-acre site on Factory Lane in Croydon, south London which could create up to 250 jobs.
A joint venture between developer Chancerygate and SGN Place, the property development subsidiary of gas distribution company SGN, has submitted a joint planning application to speculatively develop 14 units ranging from 1,000 sq ft to 17,000 sq ft. All units will be available on a leasehold basis.
The site is located on the outskirts of Croydon town centre, ten miles south of central London with close access to the A23, A232 and M25. Neighbouring occupiers include a Tesco distribution centre, Sainsbury’s, Royal Mail and Decathlon.
Work on the proposed development, which is subject to planning approval from Croydon Council, could commence as early as January 2023 and be ready for occupation at the end of next year.
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Chancerygate development director, Jonathan Lee, said: “We are very pleased to have submitted our first joint planning application as part of our JV with SGN Place.
“This is a hugely exciting opportunity to deliver the first leasehold multi-unit urban logistics site in Croydon for more than ten years.
“There is very strong demand for high specification, new build urban logistics space in the town and the development has been designed to provide best-in-class last mile facilities with the highest ESG credentials.
“Subject to planning, we look forward to working with our partner SGN Place to revitalise the site and create an enduring and sustainable asset for Croydon. We anticipate the development will enable the creation of more than 250 jobs providing further economic benefit for the town.”
Cushman & Wakefield and Stiles Harold Williams will be the retained agents on the development.