Icon Industrial, a strategic joint venture by Stoford Developments and private global investment firm TPG Real Estate, has received approval for its second phase of development, at Icon Harlow in Essex.
The planning consent paves the way for delivery of nearly 200,000 sq ft of Grade A warehouse stock into the established London-Stansted-Cambridge corridor.
Icon Industrial will speculatively build a new 112,000 sq ft warehouse and logistics unit, giving occupiers the flexibility to take delivery of the new building within six-months, to a base build specification.
The JV will also develop a bespoke last mile distribution unit of c.86,000 sq ft, on behalf of an end user.
Angus Huntley, Development Manager, Stoford Developments, said: “There is increased demand for high-spec warehouse and logistics accommodation in the London-Stansted-Cambridge corridor and we’re excited by the opportunity to deliver a second phase of development.”
He adds: Icon Harlow has already attracted several high quality occupiers, including GSK, SOP International and Verhoek Europe, which demonstrates the strength of the location for distributors.”
Icon Harlow is located 30 miles north of central London and nine miles from the M25. Several high-profile occupiers are based nearby, including DHL, FedEx, Wincanton, GSK and Bunzl.
The scheme’s retained agents are JLL, DTRE, and M1 Agency.