Harleyford Capital and Fiera Real Estate have secured planning consent for a 55,000 sq ft single-let warehouse development in Borehamwood, North West London.
The Bolt Borehamwood scheme has a GDV of £25m and is being funded by the Fiera Real Estate Logistics Development Fund.
The site fronts the A1 and provides direct access to Junction 23 of the M25 and Junction 4 of the M1.
Harleyford and Fiera are targeting EPC A and BREEAM Excellent ratings for the development, which will feature photovoltaic panels and EV charging points.
Thomas Mallindine, managing director, asset management at Harleyford Capital, said: “Harleyford is delighted to have secured detailed planning consent within four months of submission and well ahead of our business plan underwriting.”
Chris Button, head of investment management at Fiera Real Estate, added: “Bolt Borehamwood continues Fiera’s strong commercial planning track record, with 75 successful consents from 75 applications.”
DTRE and CBRE have been appointed as joint leasing agents for Bolt Borehamwood.
