SEGRO reimagines urban warehousing with new schemes in Hackney Wick and Deptford
SEGRO, a leading investor, developer and owner of industrial and logistics space in London, has received planning consent from London Legacy Development Corporation and London Borough of Lewisham for the development of two highly sustainable urban logistics schemes in Hackney Wick and Deptford.
These developments are part of SEGRO’s pioneering approach to industrial and ultra urban logistics, designed to complement the surrounding urban character, with extensive landscape and public realm enhancements, whilst providing modern and sustainable operational space for businesses. Both schemes are strategically located in London’s Zone 2 to help enhance urban logistics in the capital, responding to the evolving needs of a 24/7 city and driving forward the decarbonisation of supply chains.
SEGRO Park Hackney Wick will deliver two new urban warehouse units totalling 53,000 sq ft on a brownfield site in the heart of Wick Lane. The units have been designed to the highest sustainability standards, aesthetics and with flexibility in mind, enabling customers to fit out the space in a variety of ways to suit their unique business needs. Upon completion the scheme is expected to support 90 new jobs in the area.
Meanwhile, SEGRO Park Deptford will provide 24,000 sq ft of highly sustainable warehouse space across two modern, flexible units, creating 40 new jobs in the area. The units are designed to increase energy efficiency for customers enabling a reduction of carbon footprint and adoption of electric fleet technologies.
Bonnie Minshull, Head of London at SEGRO, said:
“Prime urban warehousing in London presents a resilient and robust investment opportunity, which is why we are excited to bring forward our proposals at SEGRO Park Hackney Wick and SEGRO Park Deptford. Both schemes are integral to our urban warehousing strategy in inner London and are intended to appeal to a diverse range of customers serving the capital. This will enable us to leverage our portfolio of urban assets in key strategic locations that have access to a strong potential employee pool, helping to reduce distribution costs and uniquely position ourselves to meet evolving market demand.
“We have paid particular attention to the design of this new breed of asset to ensure they complement the local surroundings of an inner city location from an aesthetical perspective, while delivering on the sustainability, efficiency and practicality requirements of our customers.”
Both schemes will be developed in line with the company’s Responsible SEGRO commitment to Championing low-carbon growth, targeting BREEAM Excellent ratings.
Sustainability features include EV charging points targeting a full EV vehicle fleet and PV installations, supporting access to renewable energy to help reduce the occupier’s costs and operational carbon emissions. SEGRO will also be delivering green landscaping to create an improved outlook and boost wellbeing for local people and employees.
SEGRO has been investing in the local community in partnership with Hackney Wick and Fish Island, Community Development Trust, Yodomo Ltd, and Rise Up East. The developer donated £25,000 to the Textile Reuse Hub – a textile recycling fashion charity. The charity runs its ‘Sustainable Young Makers’ programme, which trains local people in sustainable textile fashion, supporting six fledgling circular textile businesses to grow.
SEGRO has already secured planning for a regeneration scheme at SEGRO Park Wapping and has also submitted proposals for a similar development in Clapham. All four schemes form part of its inner London warehousing strategy.
SEGRO’s customer base in London comprises over 450 companies across a diverse range of sectors, including notable names such as Amazon, British Airways, DHL, Tesco, Royal Mail, and Ocado.
About SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.
For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing (including data centres) located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.
A commitment to be a force for societal and environmental good is integral to SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.
Striving for the highest standards of innovation, sustainable business practices and enabling economic and societal prosperity underpins SEGRO’s ambition to be the best property company.