Mixed use developer and member of the Berkely Group, St George and SEGRO, have formed a 50:50 joint venture to bring forward their first urban multi-storey industrial development in North West London.
The development is set to measure 134,500ft2 of light industrial space over six storeys, and will support up to 500 jobs and apprenticeships. The development, which is set to be called SEGRO V-Park Grand Union, is the first of its kind to this joint venture, and has been designed to maximise employment space and accessibility on a 1.7 acre plot.
Within SEGRO V-Park Grand Union, the ground and first floors will be utilised to provide more than 100 parking spaces, with electric vehicle charging points also being incorporated. The space is arranged over four upper levels which can be configured as up to 20 individual units offering a range of sizes, supported by shared meeting rooms, breakout areas, and wellness spaces, including a green roof terrace.
The development will incorporate sustainability features such as photovoltaic cells and an internal green wall. Construction is expected to begin in Summer 2022.
Alan Holland, Managing Director, Greater London at SEGRO said: “We are strong advocates for multi-storey warehousing in some urban settings given the pressure on land supply and the need to create space that supports different types of employment. We have successfully delivered multi-storey logistics at scale in Paris and now have the opportunity at Grand Union to adapt this format for a smaller urban site.”
Piers Clanford, Managing Director, St George Plc added: “Grand Union has been carefully designed with the local community to create an exciting new canalside neighbourhood, delivering high quality homes and vital jobs offering a wealth of amenities and uses within beautiful public spaces. SEGRO V-Park Grand Union is a key part of the redevelopment of this complex brownfield regeneration site in bringing even further opportunity for job creation, aligning with the Borough of Brent and the GLA’s ambitions. We look forward to working with SEGRO on this exciting project.”
