SHW and Cushman & Wakefield have been appointed as joint letting agents for Chancerygate and SGN Place’s new 95,000 sq ft, Grade A urban logistics development on Factory Lane in Croydon, South London.
The proposed scheme, on the four-acre former gas works site, will provide 14 units ranging from 1,000 to 14,000 sq ft which will be available on a leasehold basis.
Located on the outskirts of Croydon town centre, the Factory Lane scheme is 10 miles south of central London. Subject to planning approval, work on the proposed development is expected to start in January 2023, ready for occupation in Q4 2023.
Chancerygate’s Development Director Jonathan Lee says: There is very strong demand for high-specification, new-build urban logistics space in the town and the development has been designed to provide best-in-class, last mile facilities with the highest ESG credentials.”
Alex Gale, Partner at SHW, comments: “With neighbouring occupiers including Tesco, Sainsbury’s, Royal Mail and Decathlon, Factory Lane is a well-established and popular industrial location. This new development will provide much needed Grade A, last mile industrial space for the area and we expect a great deal of interest in the properties which are designed to suit a wide range of occupiers.”
Chancerygate is a multi-unit industrial developer and asset manager operating across the UK with more than 3.5 million sq ft of industrial space under construction or ready for development across 32 sites.
SGN Place is a property development subsidiary of SGN, focused on regenerating brownfield land such as gasholders and former industrial sites into prosperous, sustainable residential and commercial developments.