News

30 September 2020

SHW sells prime 4.5 acre south London logistics site

Business Space, Development, Industrial & Logistics


Prologis, the UK’s leading owner and developer of industrial logistics parks, has further strengthened its footprint in London with the acquisition of 4.5 acres of strategic industrial development land, adjacent to Prologis Park Beddington Lane in Croydon.



The site, which has consent for industrial logistics use, will provide much needed additional space for logistics companies looking to serve both Croydon and the central London market. In addition, the acquisition will allow the sector to cope with an increase in demand, fuelled by COVID-19, which saw online sales as a percentage of total retail sales jump from just 18% in February 2020 to 32.8% in May.

 

“The importance of the logistics sector to the health and wealth of the nation has been highlighted during the ongoing pandemic”, said Oliver Bycroft, Vice President in the leasing and development team at Prologis UK.  “With the volume of online sales unlikely to drop back to pre-COVID levels, finding available logistics space close to urban centres such as London will become more challenging.”

 

Over the past 18 months, the property company has invested over half a billion pounds in London and the Home Counties, to ensure it can provide the urban logistics facilities its customers need, and continues to invest in this important urban logistics location.


“The UK retail market is changing, as more and more people order goods online; because of this, our customers, who include household retail names such as Amazon, Argos and John Lewis, need logistics facilities close to where people live and work, so they can fulfil deliveries of goods ordered online efficiently and sustainably,” Bycroft continues.

 

“We are in the process of working up our proposed scheme, although there is currently a window of opportunity for us to tailor the layout to meet the requirements of individual occupiers. We are conscious that many, particularly e-commerce, last mile, and parcel operators, have specific needs and we are keen to keep an open mind and explore these types of requirements further.

 

In addition to providing much needed industrial logistics space, the expansion of Prologis Park Beddington Lane will provide a further boost to the local economy, with the creation of new jobs and ongoing investment in the local area. The development will also provide occupiers with a range of sustainable features, including charging points for electric vehicles, enabling goods to be delivered more sustainably. Additionally, as the location is close to public transport links, employees will be able to travel to work easily and sustainably, helping to reduce local congestion.

 

Sole selling agent Alex Gale at SHW commented “We were delighted to get this sale completed during the middle of the current pandemic and it just goes to underline the importance of Croydon as the main go to last mile logistics location in South London.

 

“The site benefits from an excellent transport network, whilst being close to those all-important chimney pots. We expect there to be strong interest from occupiers for a range of industrial and logistics uses.”

 

SHW has been retained by Prologis as letting agents for the scheme.


back to newspreviousnext

Author

Alex Gale

Agency

Head of Surrey, South London & Kent Business Space

see more
More from this author

Subscribe for more

share this article

Related articles

28 September 2020

NEW BUSINESS PARK WELCOMES FIRST OCCUPIERS

full story

7 September 2020

Goya / Hillwood welcome Amazon to North Gatwick Gateway

full story

13 August 2020

Q3 2020 Industrial & Logistics Market Review NOW AVAILABLE

full story

23 July 2020

SHW assist West Sussex company supply PPE to the NHS

full story

24 June 2020

SHUTTLEWORTH JOINS SHW’S GROWING LONDON OFFICE

full story

25 March 2020

New letting, lease surrender and happy tenants

full story

11 December 2019

Lewes continues to prove a popular location

full story

5 December 2019

First Pre-Sale at Goya's Wells Point Scheme

full story

28 November 2019

All systems go in Newhaven

full story

15 November 2019

For sale: Newhaven Wharfside warehousing

full story

6 November 2019

North Gatwick Gateway welcomes Brymec

full story

2 October 2019

New industrial development set to unplug supply-starved Gatwick market

full story

30 September 2019

SHW arrange 2019’s two largest West Sussex Coastal industrial lettings

full story

2 August 2019

Forgewood Industrial Estate, Manor Royal – letting and limited availability

full story

15 July 2019

28,000 sq ft warehousing letting - Chichester

full story

15 July 2019

First Brighton industrial new-builds for 15 years – available now

full story

2 July 2019

Surge in Croydon industrial units to meet huge demand

full story

8 May 2019

Brighton industrial letting amid dwindling available stock

full story

8 May 2019

Trade counter operators hungry for space

full story

24 April 2019

Tungsten Properties achieves planning consent for West Sussex warehouse building

full story

15 April 2019

Westcott Leach – Sussex industrial new-build pioneers

full story

8 April 2019

17,000 sq ft warehouse post-refurbishment lettings - Bognor

full story

19 March 2019

17,000 sq ft industrial letting - Merton

full story

11 February 2019

Speculative new-build pre-lets: Hailsham – some availability

full story

9 January 2019

Leatherhead industrial letting

full story

To ensure we give you the best experience on our website we use Cookies. You can change your cookie settings at any time. However, if you continue without changing your settings we will presume you are happy to receive all cookies on the SHW website.

Continue