Chancerygate and Bridges Fund Management have received planning permission for a 90,000 sq ft urban logistics development in Hayes, West London.
Harlequin Business Park will comprise nine speculatively built units, available on a leasehold basis, ranging from 5,100 sq ft to 39,700 sq ft. The development has a projected GDV of around £40m.
Chancerygate and Bridges are targeting a minimum EPC rating of A+ and a BREEAM Excellent rating for the units, which will feature EV charging points and solar cells.
Construction work will start on the 3.7-acre site on Southall Lane in April 2024 following the demolition of office buildings currently on the site.
Tom Faulkner, development director at Chancerygate, said: “There is a shortage of high specification, sustainable Grade A urban logistics accommodation within Hayes and the Greater London area, particularly for SMEs. Harlequin Business Park is going to be a premier site with major infrastructure links which will help satisfy this demand while also creating up to 150 new jobs. Our development will deliver an enduring economic asset for Hayes and ensure occupiers are best placed to grow their businesses by being based in an excellent strategic location.”
Henry Pepper, partner at Bridges, added: “We’re delighted to be working with Chancerygate on this prime west London redevelopment of a redundant brownfield site. Our goal is to deliver much-needed urban logistics units with best-in-class sustainability credentials, which will support new jobs and boost the local economy.”
JLL and Colliers are agents for Harlequin Business Park.
