Verdion and L&G’s Industrial Property Investment Fund (IPIF) have been granted planning permission for a £30 million urban logistics scheme within the London Borough of Greenwich’s West Thamesmead Opportunity Area.
LiteHub Greenwich will now be developed speculatively to create a multi-let industrial park ready for occupation from Q4 2027, offering 78,986ft² of new floorspace in six small to mid-box units.
Each unit will range from 5,555ft² to 16,000ft², targeting BREEAM ‘Excellent’ and a EPC ‘A+’ rating through a whole-life carbon focus, high energy performance and resilience, biodiversity positive measures, and supply chain and site social safeguards all form part of the plans.
The 2.6-acre brownfield opportunity is located within an established industrial area on Nathan Way – 5 miles east of the Blackwall and Silvertown Tunnels and 9 miles from the M25 – close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
Verdion will be responsible for the development of the site on behalf of L&G, who will be the owner of the asset.
John Clements, executive director of Verdion and head of its UK activity, said: “This location within LB Greenwich offers a great deal of potential for value-creation.
“With high volumes of new residential coming forward nearby and constrained industrial & logistics supply, we have scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and M25.
“It will become the first asset for our UK-wide urban logistics platform, targeting brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.”
