Harleyford Capital has secured detailed planning consent for a 180,000 sq ft multi-let logistics development in North West London.
The scheme, which has a GDV of more than £80m, will comprise 13 units ranging from circa 7,000 sq ft to 40,000 sq ft.
Harleyford is targeting EPC A+ and BREEAM Outstanding ratings for the development, which will regenerate existing business park space on 7-acre brownfield site located adjacent to Greenhill Crescent and Croxley Park.
The site purchase was funded by the Fiera Real Estate Logistics Development Fund.
Thomas Mallindine, managing director asset management at Harleyford Capital, said: “We are pleased to have secured detailed planning consent within eight months of submission and will now focus on commencing the development of much needed Grade A stock into a sub-market which has seen little development in the last cycle.”
Chris Button, head of investment management at Fiera Real Estate, added: “This recent success builds on our strong track record in securing planning approvals, and demonstrates our ability to add material value to our investments.”
