Gazeley buys Docklands plot to spec develop logistics facility

By James Wallace - Thursday, April 12, 2018 11:45

Gazeley, the logistics warehouses and distribution parks investor and developer, has bought a six-acre plot of land in the Docklands from joint venture partners Galliard Homes and Cain International to speculatively develop at three-storey logistics facility.

The site, to be called G Park London Docklands, will comprise over 426,000 sq ft of space over three levels allowing for either multiple or single customer occupancy. It is located opposite London City airport, immediately next to West Silvertown District London Rail (DLR) station on North Woolwich Road.

The development of G Park London Docklands follows GLP’s acquisition of Gazeley in December 2017. The building will be used as a ‘last mile’ logistics hub for London and surrounding areas, targeting e-commerce, distribution and logistics customers. The warehouse will be 2.5 miles from the City of London.

“This is a genuine last mile, ultra-urban logistics opportunity for our retail and distribution customer base,” Gazeley said in a statement. “With scarce land available in London and an increasingly on-demand economy, distribution and logistics operations must find new and innovative ways to keep up with increasing delivery volumes demanded in shorter time periods. G Park London Docklands utilises the land available to deliver the maximum amount of space to potential customers.”

This is the first three-storey warehouse in the UK and will utilise platforms to allow HGVs and other vehicles to access each level. Each storey will comprise 140,000 sq ft of space with 26 dock doors and 4 access doors on each level.  Gazeley expects the development to be completed by the end of 2019, subject to planning permission.

Alex Verbeek, Managing Director, UK, Gazeley, said: “This type of development has never been done before in the UK. A three-storey warehouse in such a central location will be hugely valuable for Londoners who will benefit from customers being able to deliver goods in record time. London is at the forefront of the digital revolution, but these services require an equally innovative supply chain to facilitate it. We feel that G Park London Docklands will make a big contribution to the infrastructure which is essential to support London’s evolution as a leading centre for digital commerce.” 

The site will contain 350 car parking spaces and around 75,000 sq ft of ancillary office space.

Nick Cook, Chief Executive Officer, Gazeley, said: “Following the completion of the acquisition, our priority was to ensure that the expertise that Gazeley and GLP have built over their respective histories was effectively utilised. Multi-storey developments are more common place for GLP and we are delighted to be able to bring this concept to the UK.”

Simon Higgins at Levy Real Estate LLP acted for Galliard Homes & Cain International.

James Wallace is a freelance consultant and can be reached via Linkedin or email: jawallace32@gmail.com

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