Verdion and Legal & General's Industrial Property Investment Fund (IPIF) have obtained planning permission for a £30 million urban logistics development inside the West Thamesmead Opportunity Area, which falls within the London Borough of Greenwich.
The project, named LiteHub Greenwich, will be built speculatively as a multi-let industrial park. Occupation is being targeted from the fourth quarter of 2027, with 78,986 sq ft of new floorspace arranged across six small to mid-box units.
Individual units will span 5,555 sq ft to 16,000 sq ft. The scheme is aiming for BREEAM 'Excellent' certification and an EPC 'A+' rating, supported by a whole-life carbon approach, high energy performance and resilience measures, biodiversity-positive provisions, and safeguards covering supply chain and site social standards.
Brownfield plot near the City and the M25
The 2.6-acre brownfield site sits in an established industrial area on Nathan Way. The developers place it about five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25, beside Berkeley Homes and Peabody's new Lombard Square development of 1,900 homes.
Verdion will carry out the development on behalf of L&G, which will hold ownership of the completed asset. Because the park is being delivered speculatively, construction will go ahead without tenants already committed, and the space is designed to be let unit by unit rather than to one occupier.
John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offered considerable potential for value creation. He pointed to the large volume of new residential development coming forward nearby alongside constrained industrial and logistics supply, and argued this gives scope for a modern multi-let park aimed at occupiers seeking space close to the City and the M25.
Clements added that LiteHub Greenwich is intended to become the first asset in a UK-wide urban logistics platform the company is building around brownfield redevelopment opportunities, with strong environmental, social and governance credentials and proximity to major population centres as the guiding criteria.
The consent adds small to mid-box capacity to an east London area where new housing is expanding and industrial land is under pressure. The details released so far set out intentions on sustainability ratings and timing rather than confirmed outcomes: the BREEAM and EPC targets and the Q4 2027 occupation date remain goals at this stage, and the value-creation case rests on the developer's reading of local supply and demand rather than on signed lettings.