12 Apr 2018
Levy’s Industrial team has advised on the sale of a 7.9-acre site in London on which Gazeley is planning to develop into G Park – the UK’s first three-storey ‘Ultra Urban’ warehouse facility.
The Docklands site is located adjacent to Silvertown DLR station and is well connected to major transport routes into central London. The intention is to create a last mile logistics hub which would enable logistics operators to service residential and commercial customers across the capital.
The G Park development will feature three c.130,000 sq ft levels of warehousing with the upper floors accessed via an HGV circulation ramp. Each level will offer occupiers eaves heights of 8-10 meters; floor loading of 25KN/m2; 35m service yards; and Grade A office space. Each floor would be divisible into three units of circa 45,000 sq ft to suit occupier requirements.
Levy advised Galliard Homes and Cain International on the sale of the site and has been retained as letting agents on the project.
Levy Industrial Partner, Simon Higgins, comments: “This development represents a watershed moment in how major urban industrial warehouse facilities are created.
“There is huge pressure in London for effective land use. The G Park project will represent a new breed of innovative, efficient and high quality warehouse development which gives occupiers the strategic location, space and operational scope that occupiers require”.
A planning application is being submitted in September 2018 construction is programmed to commence in January 2019 and practical completion in October 2019.