Thursday 27th Oct 2016 - Logistics Manager

Thunder & Lightning in NW10

Standard Life and developer Canmoor have bought 5.2 acres of development land from drinks company Diageo in Park Royal.

The joint venture intends to develop the site for a high-quality industrial/ warehouse scheme of two units totalling 150,000 sq ft, to be known as Thunder and Lightning. The development site was marketed by Gerald Eve on a targeted basis last November, going under offer to another party in December.

This transaction failed to progress, and Canmoor and Standard Life took the opportunity to secure the contract, following a further best bids process.

Rainsford Road is being extended to link to the A40 Western Avenue, providing the scheme with good access to the M40/M25 and central London.

Standard Life and Canmoor have retained Gerald Eve with CBRichard Ellis to market the new scheme.