Verdion and Legal & General’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 consent covers the proposed six-unit park.
The project, LiteHub Greenwich, will be developed speculatively as a multi-let industrial park designed for several occupiers. It will offer 78,986 sq ft of new floorspace in six small to mid-box units, with occupation targeted from Q4 2027.
Units will range from 5,555 sq ft to 16,000 sq ft. The scheme is targeting BREEAM “Excellent” and EPC “A+” ratings. Its sustainability plans include a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply-chain and site social safeguards. These are stated targets rather than certified outcomes at this stage.
Brownfield site close to new homes
The 2.6-acre brownfield site would reuse previously developed land in an established industrial area on Nathan Way, five miles east of the Blackwall and Silvertown tunnels and nine miles from the M25. It is also near Lombard Square, Berkeley Homes and Peabody’s new 1,900-home development.
Verdion will develop the site on behalf of L&G, which will own the asset. John Clements, Verdion executive director and head of UK activity, said the location offered considerable potential for value creation. He cited high volumes of nearby residential development and constrained industrial and logistics supply as reasons to create a modern, multi-let park for occupiers seeking space close to the City and the M25. The scheme is therefore aimed at businesses that need new space near the capital and the motorway network.
Clements said LiteHub Greenwich would be the first asset in Verdion’s UK-wide urban logistics platform. The platform will target brownfield redevelopment opportunities close to major population centres, underpinned by strong ESG credentials.
Speculative development targets smaller units
The scheme is being built without announced occupiers. Its business model rests on demand for smaller, well-located units in an urban market where new residential growth is increasing pressure on industrial land. The development is intended to serve occupiers requiring proximity to central London and the motorway network.
The environmental and social measures form part of the plans, but their delivery will depend on construction and operation. Similarly, the Q4 2027 date refers to the scheduled start of occupation rather than completion of the scheme.
Industry event to examine urban logistics
The announcement also points to the Urban Logistics exhibition at ExCeL London on 9-10 June 2027, where autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are listed as topics.