Planning granted for a 93,000 sq ft urban logistics development in Croydon

Planning has been granted for a 93,000 sq ft, Grade A urban logistics development to be speculatively built on Croydon’s Factory Lane which could create 150 jobs.

A joint venture (JV) between developer Chancerygate and SGN Place, the property development subsidiary of gas distribution company SGN, will deliver a scheme comprising 15 units ranging from 2,000 sq ft to 16,000 sq ft.

Called The Works, units on the four-acre site will be available on a leasehold basis. Construction work is expected to commence in December 2023.

All properties at the development will target minimum EPC rating of A and BREEAM Excellent rating. They will feature electric vehicle charging points along with solar cells which provide green energy on an affordable basis to occupiers.

In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions.

Located on the outskirts of Croydon town centre, the Factory Lane site is 10 miles south of central London and benefits from excellent access to the A23, A232 and M25. Neighbouring occupiers include a Tesco distribution centre, Sainsbury’s, Royal Mail and Decathlon.

Chancerygate development director, Tom Faulkner, said: “We are very pleased to now be able to bring forward The Works in partnership with SGN Place.

“Our development will deliver the first multi-unit urban logistics scheme in Croydon for more than 10 years, meeting the latent demand that there is for this type of accommodation in the area.

“The Works has been designed with sustainability at its heart and will provide a long-term asset for the town, which we anticipate will create more than 150 jobs.

“The development’s excellent strategic location means occupiers will be best placed to serve Croydon, as well as London and the wider South East region.”

SGN Place development manager, Kathleen Hutchinson, added: “This is a great opportunity to redevelop unused brownfield land and turn what was a redundant gas holder site into a first-class industrial scheme”.

Founded in 1995, Chancerygate is the UK’s largest urban logistics property developer and asset manager and the only one operating nationwide.

The company currently has around 2.65m sq ft of urban logistics space under construction or ready for development across 19 sites ranging from Edinburgh to Chichester. Chancerygate offers units to occupiers on both a freehold and leasehold basis.

SGN Place is a property development subsidiary of SGN, focused on regenerating brownfield land like gas holders and former industrial sites into prosperous, sustainable residential and commercial developments.

Letting agents appointed for the scheme are SHW and Cushman & Wakefield.