GLi has been granted planning permission for two “ultra-sustainable warehouses” totalling 107,770 sq ft in Croydon.
CR1 (52,605 sq ft) and CR2 (55,165 sq ft) are situated between Imperial Way and Queensway and could be combined into a single unit.
This scheme is GLi’s first development to achieve planning outside Park Royal and forms part of the developer’s strategy to meet increasing market demand for sustainable last-mile logistics space within the M25.
Both units are 100% electric with maximum rooftop PV coverage and are able to store solar energy and collect cheaper off-peak electricity from the grid.
GLi is a partnership between London-based asset manager and developer KSP and global real asset investment manager PATRIZIA.
David Johnson, chief executive officer at KSP, said: “Croydon is a perfect location for our first units serving Croydon, South London, and the South East. Our designs help occupiers to save energy and operating costs and deliver to their customers with even more efficiency. It also provides businesses with an ultra-sustainable building that will adhere to strict government energy efficiency targets.”
Luke LeBrun, director, asset management at PATRIZIA, added: “Delivering modern, high-quality logistics assets is absolutely essential for addressing the challenges of urbanisation and decarbonisation. Through our GLi platform, we are developing a portfolio of best-in-class urban logistics properties from the ground up, accelerating London’s ability to respond to these challenges while also generating significant value for our investors, tenants, and Londoners more broadly.”
SHW is the letting agent for the scheme.
