British Land has secured planning for a 140,000 sq ft logistics scheme in Southwark, SE1.
The former car park on Mandela Way, close to the junction of New Kent Road, Old Kent Road and Tower Bridge Road, will be redeveloped as a multi-level last-mile logistics hub for Southwark and central London.
It will feature four floors of flexible logistics space, suitable for a range of prospective occupiers, with the ground-floor logistics space accessible by HGVs and cargo bikes, while the upper floors will be served by lifts.
The scheme will target a BREEAM Excellent rating and implement low-carbon materials, while a circular economy strategy will be used to lower embodied and operational carbon emissions, in line with the “greener spaces” pillar of British Land’s 2030 sustainability strategy,
British Land has a £1.3bn pipeline of urban logistics projects in Greater London. These include another project adjacent to the Old Kent Road on Verney Road; Finsbury Square Car Park; and the Box at Paddington Central, which received planning consent earlier this year.
British Land also received approval in July for 455,000 sq ft of multi-level logistics space at Heritage House in Enfield, near Junction 25 of the M25.
Mike Best, head of logistics at British Land, said: “Mandela Way is the latest scheme in our London urban logistics pipeline to receive planning consent, following approvals at both Paddington Central and Enfield earlier this year, enabling us to bring forward another high-quality logistics project and continue to address the acute undersupply of sustainable, modern warehousing in Greater London.”
He added: “We continue to explore new opportunities to leverage our longstanding investment and development expertise to source and execute acquisitions which unlock opportunities to densify London’s logistics supply.”
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