Harleyford Capital has appointed West Midlands-based main contractor MCS Group to deliver Watford Works – a 180,000 sq ft Grade A industrial and logistics development in North West London.
The 13-unit scheme will be built to achieve BREEAM Industrial Outstanding and EPC A+ ratings and will incorporate full photovoltaic roof coverage and EV charging infrastructure.
The project is being funded through a £25.5m debt facility provided by QuadReal Property Group. Harleyford Capital and Fiera Real Estate, acting through the Fiera Real Estate Logistics Development Fund (FRELD), acquired the 8.5-acre site in an off-market deal.
Rob Townsend, joint managing director of MCS Group, said: “We are proud to have been appointed as main contractor for Watford Works, a scheme that sets a new benchmark for sustainable logistics development in the South East. The project’s technical complexity, ambitious ESG targets and market-leading specification play directly to our strengths as a business, and we are delighted to be collaborating with Harleyford Capital on such an important addition to the region’s industrial supply. Our team is already mobilised on site, and we look forward to delivering a high quality, future-proofed scheme that meets the needs of modern occupiers and supports long-term economic growth for the area.”
Thomas Mallindine, managing director of Harleyford Capital, added: “Watford Works is already generating significant occupier interest, highlighting the market appeal of best-in-class, sustainable urban logistics space. We are pleased to be working with MCS Group to bring forward this exemplary scheme.”
