Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have secured planning consent for a £30 million urban logistics development in the West Thamesmead Opportunity Area, within the London Borough of Greenwich. The project, LiteHub Greenwich, is planned as a multi-let industrial park and is the first asset in Verdion’s UK-wide urban logistics platform.
The scheme will be developed speculatively on a 2.6-acre brownfield site on Nathan Way, in an established industrial area. It will offer 78,986 sq ft of new floorspace across six small- to mid-box units, ranging from 5,555 sq ft to 16,000 sq ft. The park is intended to be ready for occupation from the fourth quarter of 2027.
Design and sustainability
Each unit is designed to target BREEAM Excellent and EPC A+ ratings. The plans incorporate a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards.
The consent is for a multi-let industrial park rather than a single-occupier facility, with six units described as small to mid-box. The project will redevelop a brownfield site in an established industrial area, a feature the partners include in the scheme’s environmental and site rationale.
Location and roles
The site is five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25. It is close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development. Verdion will deliver the scheme on behalf of L&G, which will own the asset.
The partners link the project’s rationale to two converging pressures: a large new residential population at Lombard Square and limited industrial and logistics supply in the immediate area. The six-unit configuration is aimed at small- and mid-box occupiers, while the scheme also forms part of Verdion’s wider strategy of pursuing brownfield sites with strong environmental credentials near major population centres.
John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offers substantial value-creation potential. He pointed to large volumes of new housing coming forward nearby and constrained industrial and logistics supply, which he said give scope for a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25.
Clements added that LiteHub Greenwich would become the first asset in a UK-wide urban logistics platform. That platform, he said, will target brownfield redevelopment opportunities supported by strong ESG credentials and located close to major population centres. The Greenwich project reflects that approach through its brownfield site, established industrial setting and planned environmental specifications.
The announcement does not specify a construction start date or disclose pre-letting arrangements. It focuses on the consent, the intended unit mix and the sustainability standards planned for the scheme.