SEGRO is to go ahead with the speculative development of the first phase of its Origin distribution warehouse site in Park Royal, London subject to planning.
The development will cover 160,000 sq ft in three stand-alone buildings of 36,000 sq ft, 53,000 sq ft and 69,000 sq ft, all with secure yards.
All of the units will be highly sustainable and constructed to a BREEAM ‘excellent’ standard.
Phase 2 is available on a design and build basis and is able to accommodate units of 35,000 sq ft to 200,000 sq ft.
The planning decision is expected in February 2013. Once approved, construction on the speculative units is expected to commence in March 2013, with completion of this phase in late Autumn 2013.
Letting agents are CBRE, Doherty Baines and Jones Lang LaSalle.