April 1, 2025
Fiera Real Estate and Harleyford Capital have secured detailed planning consent for a prime 180,000 sq ft multi-let logistics development in North West London with a GDV of over £80million. The planning application for the scheme was submitted in July 2024. The site purchase was funded by the Fiera Real Estate Logistics Development Fund, which recently announced its final close, with a capacity to invest up to £420million.
The site is strategically located to service a c. 25 million population within a 2 hour drive time, and provides easy access to the M1, M25 and Central London and is set in a well-established inner-M25 employment location, adjacent to Greenhill Crescent and Croxley Park.
Targeting EPC A+ and BREEAM Outstanding, the development will regenerate an existing 7 acre brownfield site, taking redundant business park space and repositioning it to industrial and logistics use with a focus on future-proofing and sustainability. The scheme provides flexibility for future occupiers with 13 units ranging from c. 7k sq ft – 40k sq ft and will be one of the first WiredScore Certified urban logistics developments in the UK.
Thomas Mallindine, Managing Director: Asset Management at Harleyford Capital commented “We are pleased to have secured detailed planning consent within eight months of submission and now focus on commencing the development of much needed Grade A stock into a sub-market which has seen little development in the last cycle”,
Chris Button, Head of Investment Management at Fiera Real Estate commented “This recent success builds on our strong track record in securing planning approvals, and demonstrates our ability to add material value to our investments”