NEAT Developments and Royal London Mutual Insurance Society have submitted a planning application for a new stacked industrial development in Capitol Way, Colindale.
The £100m GDV scheme will see a new 230,000 sq ft two-storey industrial building replace an existing single-storey warehouse
The building will be served by a ramp and lifts and will contain flexible units appealing to a wide range of different occupiers. NEAT is targeting BREEAM Excellent and an EPC A rating for the building.
The development is the second stacked industrial scheme by NEAT, following on from the mixed-use industrial and residential co-location scheme in Blackhorse Lane, Walthamstow, for which the developer gained planning consent last December.
Youssef Kadiri, managing director at NEAT Developments, said: “London has lost a quarter of its industrial space in the last 20 years, whilst the continued boom of online retail has further exacerbated the pressures on distribution centres as the competition for space has continued to heat up. Making much better use of available land space through multi-level industrial development is critical to London’s future, and follows trends seen elsewhere, particularly in the US, Canada and Japan.”
Subject to planning approval, construction is expected to start in late 2025, with completion anticipated in summer 2027.
