Osborne Clarke has advised Gazeley, a GLP company and leading investor and developer of logistics warehouses and distribution parks, on its purchase of a six-acre plot of land in the heart of London to speculatively develop the UK’s first three-storey logistics facility to be called G Park London Docklands
The site, located in Silvertown, was acquired from joint venture partners Galliard Homes and Cain International.
The warehouse will comprise over 426,000 sq ft of space over three levels allowing for either multiple or single tenant occupancy. The building will be used as a ‘last mile’ logistics hub for London and surrounding areas, targeting e-commerce, distribution and logistics occupiers. This development is in line with Greater London Authority’s commitment to land being made available for ‘last mile’ distribution close to central London and the Northern Isle of Dogs. The warehouse will be 2.5 miles from the City of London.
The site is opposite London City airport, immediately next to West Silvertown District London Rail (DLR) station on North Woolwich Road. With unparalleled access to serve the City of London and 5.6 million people living within a 30-minute drive, this is a genuine last mile, ultra-urban logistics opportunity for Gazeley’s retail and distribution customer base.
As the first three-storey warehouse in the UK, it will utilise platforms to allow HGVs and other vehicles to access each level. Each storey will comprise 140,000 sq ft of space with 26 dock doors and four access doors on each level. The site will contain 350 car parking spaces and around 75,000 sq ft of ancillary office space. G Park London Docklands will include a range of sustainability features such as the provision of electric charging points for vehicles, wellness initiatives to improve the working environment for people and a BREEAM Very Good rating.
Gazeley expects the development to be completed by the end of 2019, subject to planning permission.
Osborne Clarke has advised Gazeley on the deal with a team led by Partners Jo Footitt, John Baird and Philip Davies, supported by Associate Director Anastasia Gorokhova and Associates Ela Paza and Ben Naish.
Martin Philips and David Philips of Howard Kennedy advised Galliard.
Simon Higgins at Levy Real Estate LLP acted for Galliard Homes & Cain International.
Involved fees earner: Martin Philips – HowardKennedy; David Philips – HowardKennedy; Jo Footitt – Osborne Clarke; Philip Davies – Osborne Clarke; John Baird – Osborne Clarke; Anastasia Gorokhova – Osborne Clarke; Ela Paza – Osborne Clarke; Ben Naish – Osborne Clarke; John Baird – Osborne Clarke;