Oxford Properties Group and Logistics Capital Partners (LCP) have secured planning permission to develop circa 340,000 sq ft of sustainable logistics space on a 15-acre brownfield site adjacent to Heathrow Airport.
The space will be delivered across two units of 200,000 sq ft and 140,000 sq ft. Oxford and LCP are targeting EPC A+, BREEAM Excellent and WELL Gold certification for the units, which are located next to Cranebank nature reserve.
Oxford and LCP acquired the site in 2020 from British Airways, which had occupied the land for more than 50 years and latterly used it as a training facility.
Robin Everall, head of development at Oxford Properties, said: “Logistics remains a key sector for us given its strong income profile and robust occupier demand as a result of continued structural tailwinds – urbanisation, growth of e-commerce and a focus on onshoring and the strengthening of supply chains as a result of the long-term impact of the pandemic, as well as the broader political and economic macro environment.
“This planning permission allows us to bring forward with LCP much needed environmentally sustainable logistics space in a prime supply constrained location, that we have designed to help occupiers reduce their carbon footprint and benefit from technologically advanced features that will improve their operations.”
John Pagdin, UK head at LCP, added: “As a team we are extremely excited about developing this scheme alongside Oxford Properties. It represents the introduction of a much-needed high quality asset to the Heathrow and West London markets setting new standards of sustainability and occupational efficiency. We have already had positive discussions with active occupiers and look forward to progressing these as the scheme develops.”
