Verdion and Legal & General's Industrial Property Investment Fund (IPIF) have been granted planning permission for a £30 million urban logistics scheme in the London Borough of Greenwich's West Thamesmead Opportunity Area.
The project, to be called LiteHub Greenwich, will be built speculatively as a multi-let industrial park offering 78,986 sq ft of new floorspace in six small to mid-box units. Individual units will range from 5,555 sq ft to 16,000 sq ft, and the park is due to be ready for occupation from the fourth quarter of 2027.
The plans target a BREEAM "Excellent" rating and an EPC "A+" rating, combining a whole-life carbon focus with high energy performance and resilience. According to the developers, the scheme also includes biodiversity-positive measures and social safeguards covering both the supply chain and activity on the site.
The 2.6-acre brownfield opportunity sits within an established industrial area on Nathan Way, five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25. It lies close to Berkeley Homes and Peabody's new 1,900-home Lombard Square development. Verdion will be responsible for developing the site on behalf of L&G, which will own the asset.
John Clements, executive director of Verdion and head of its UK activity, said the location within the borough offered considerable potential for value creation. He cited high volumes of new residential development coming forward nearby, alongside constrained industrial and logistics supply, which he said gives scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25.
Clements said the scheme would become the first asset in Verdion's UK-wide urban logistics platform, which targets brownfield redevelopment opportunities underpinned by strong ESG credentials and located close to major population centres.
The consent adds speculative small and mid-box floorspace to a part of south-east London where large residential schemes are already being delivered nearby. Autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are due to be discussed at the Urban Logistics event at ExCeL London on 9-10 June 2027.