Developer Chancerygate and impact investor Bridges Fund Management have been granted planning approval for a 90,000 sq ft urban logistics development in Hayes, west London.
Called Harlequin Business Park, the scheme will comprise nine speculatively-built facilities ranging from 5,100 sq ft to 39,700 sq ft. It has a projected gross development value of around £40m.
Spaces on the 3.7-acre site, which is located on Southall Lane, will be available on a leasehold basis. Works are set to start in April this year after the demolition of existing office buildings on the site.
Harlequin Business Park will sit in an established industrial location with Beaver Industrial Estate, International Trading Estate and Western International Market nearby.
All properties at the development will target a minimum EPC rating of A+ and BREEAM Excellent certification. They will feature electric vehicle charging points along with solar cells to provide occupiers with affordable green energy. High-performance building materials will also be used to reduce CO2 emissions.
Chancerygate development director Tom Faulkner said: “There is a shortage of high-specification, sustainable grade-A urban logistics accommodation within Hayes and the Greater London area, particularly for SMEs.
“Harlequin Business Park is going to be a premier site with major infrastructure links, which will help satisfy this demand while also creating up to 150 new jobs.
“Our development will deliver an enduring economic asset for Hayes and ensure occupiers are best placed to grow their businesses by being based in an excellent strategic location.”
Henry Pepper, partner at Bridges, said: “Our goal is to deliver much-needed urban logistics units with best-in-class sustainability credentials, which will support new jobs and boost the local economy.”
JLL and Colliers are the agents for Harlequin Business Park.
Image from Chancerygate
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