A joint venture between Chancerygate and SGN Place, the property development subsidiary of gas distribution company SGN, has received planning permission for a 93,000 sq ft urban logistics development in Croydon.
The JV partners will speculatively deliver 15 units ranging from 2,000 sq ft to 16,000 sq ft at the four-acre site on Factory Lane.
Construction work on the scheme, which has been christened The Works, is expected to commence in December this year.
The units will feature EV charging points and solar cells and have a minimum EPC rating of A and BREEAM Excellent.
Tom Faulkner, development director at Chancerygate, said: “We are very pleased to now be able to bring forward The Works in partnership with SGN Place. Our development will deliver the first multi-unit urban logistics scheme in Croydon for more than 10 years, meeting the latent demand that there is for this type of accommodation in the area.
“The Works has been designed with sustainability at its heart and will provide a long-term asset for the town, which we anticipate will create more than 150 jobs. The development’s excellent strategic location means occupiers will be best placed to serve Croydon, as well as London and the wider South East region.”
Kathleen Hutchinson, development manager at SGN Place, added: “This is a great opportunity to redevelop unused brownfield land and turn what was a redundant gas holder site into a first-class industrial scheme.”
Alex Gale, partner at SHW and joint letting agent alongside Cushman & Wakefield for The Works, said: “It’s good news to be able to launch this new, best-in-class development, offering some of the best cubic capacities in the market for space of this size. The variety of sizes will appeal to those companies looking to trade up in quality of space and match/exceed their ESG requirements.”
