GLi, a joint venture between industrial developer KSP and global real assets investor PATRIZIA, has announced that construction of its 55,165ft² ‘CR2’ facility in Croydon, South London has commenced.
The joint venture describes CR2 as a ‘best-in-class ultra-sustainable logistics warehouse’ which it says will ‘set new benchmarks for cost efficiency in the South London logistics sector’.
This warehouse is expected to deliver annual savings of around £155,000 to occupiers as a result of its ‘innovative sustainable features’.
Amongst these features will be solar photovoltaic (PV) technology with ‘maximum rooftop array coverage’ and 100% EV charging infrastructure.
GLi says that the site’s EV charging capabilities will enable occupiers to ‘transition to all-electric fleets and realise substantial fuel and maintenance savings of approximately £2.81 per square foot annually’.
Prior to this, GLi reached practical completion on CR1, its first 52,605ft² ‘ultra-sustainable’ unit in Croydon, which is located on the adjacent site.
Trudy Revell, development director at GLi, commented: “Breaking ground on CR2 marks a significant step in our ongoing commitment in Croydon and an exciting step in our development strategy, which focuses the evolving needs of the industrial and logistics market for our customers.
“This ultra-sustainable warehouse will deliver significant operational cost advantages to our customers while meeting the growing demand for efficient last-mile logistics space in South London. We’re confident that CR2’s cutting-edge design and strategic location will set new benchmarks for the sector.”
On the benefits of the site’s location, KSP CEO David Johnson added: “Not only is it in a key strategic location close to Central London – offering rapid distribution routes throughout London – but its location in Croydon also provides exceptional access to a skilled logistics workforce.”
CR2 is scheduled for completion in Q4 2025.
