Verdion and Legal & General's Industrial Property Investment Fund (IPIF) have been granted planning permission for a £30 million urban logistics scheme inside the West Thamesmead Opportunity Area in the London Borough of Greenwich.
The project, to be called LiteHub Greenwich, will be built speculatively as a multi-let industrial park with space ready for occupation from the fourth quarter of 2027. It will add 78,986 sq ft of new floorspace across six small to mid-box units.
Unit mix and sustainability targets
- Six units ranging from 5,555 sq ft to 16,000 sq ft
- 78,986 sq ft of new floorspace in total
- BREEAM 'Excellent' and EPC 'A+' ratings targeted
The specification is built around a whole-life carbon approach, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards, all of which form part of the submitted plans.
Brownfield site on Nathan Way
The 2.6-acre opportunity is a brownfield plot within an established industrial area on Nathan Way, about 5 miles east of the Blackwall and Silvertown Tunnels and 9 miles from the M25. It sits close to Lombard Square, the new 1,900-home development by Berkeley Homes and Peabody.
Verdion will deliver the development on behalf of L&G, which will own the completed asset.
'First asset' for a UK urban logistics platform
John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offered considerable potential for value creation. He pointed to the high volumes of new residential coming forward nearby alongside constrained industrial and logistics supply, which he said gave scope for a modern, multi-let park aimed at occupiers seeking new opportunities close to the City and the M25.
Clements added that LiteHub Greenwich would become the first asset of the company's UK-wide urban logistics platform, which targets brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.
The themes raised by the scheme — autonomous delivery, last-mile infrastructure and the difficulties of moving goods through cities — are due to be explored at the Urban Logistics exhibition at ExCeL London on 9-10 June 2027.