Railpen has secured planning consent for a 120,000 sq ft logistics facility in South Mimms.
The unit, which is located in a super prime location near the A1(M)/M25, will be delivered by Railpen’s development partner Wrenbridge,
The joint venture partners are targeting BREEAM Outstanding and an EPC A+ rating for the development, which will deliver a 30% biodiversity net gain.
Alastair Dawson, senior investment and asset manager at Railpen, said: “South Mimms will be the latest addition to Railpen’s portfolio of premium grade logistics developments delivered in partnership with Wrenbridge.
“Reflecting Railpen’s strategy of creating clusters of innovative high quality assets that help businesses thrive, each has the highest sustainability and wellbeing standards, have been designed to reflect occupier needs, and are located in strategically significant locations around the M25.”
Will Jarman, associate director at Wrenbridge, added: “We are committed to delivering best of the best buildings and this project really thinks outside of the box. We have left no stone unturned to ensure this facility is best-in-class to support the site’s unrivalled location, specification and wellbeing credentials. We are delighted to receive such strong support for the South Mimms facility, and are now focused on delivering this outstanding facility and the many benefits it will bring.”
Avison Young, Adroit and Savills acted for Railpen and Wrenbridge.
