Verdion and L&G’s Industrial Property Investment Fund (IPIF) have been granted planning permission for a £30 million urban logistics scheme in the West Thamesmead Opportunity Area, within the London Borough of Greenwich.
The permission covers LiteHub Greenwich, a multi-let industrial park that will be developed speculatively. The scheme is due to be ready for occupation from the fourth quarter of 2027 and will provide 78,986 sq ft of new floorspace in six small to mid-box units.
The units will range in size from 5,555 sq ft to 16,000 sq ft. The plans target BREEAM “Excellent” and EPC “A+” ratings, with a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards included in the proposals.
The 2.6-acre brownfield opportunity is located within an established industrial area on Nathan Way. It lies five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25, close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
Verdion will be responsible for developing the site on behalf of L&G, which will own the asset. John Clements, executive director of Verdion and head of its UK activity, said the location within the London Borough of Greenwich offered significant potential for value creation.
Clements said high volumes of new residential development nearby, combined with constrained industrial and logistics supply, created scope for a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25. He added that LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform.
That platform is targeting brownfield redevelopment opportunities supported by strong environmental, social and governance credentials and located close to major population centres, according to Clements. The speculative nature of LiteHub Greenwich means the six units are being brought forward without confirmed occupiers, with the multi-let format designed to accommodate more than one tenant.
The environmental and social provisions are set out alongside the commercial plans for the site. They include a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards, all intended to support the BREEAM and EPC targets.
The announcement also noted that autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities will be explored at Urban Logistics. The event is scheduled to take place at ExCeL London on 9-10 June 2027. The event will cover issues relevant to urban logistics and the movement of goods in cities.