Verdion and L&G’s Industrial Property Investment Fund (IPIF) have secured planning permission for a £30 million urban logistics development in the London Borough of Greenwich’s West Thamesmead Opportunity Area.
The project, LiteHub Greenwich, will be developed speculatively as a multi-let industrial park. It is planned to provide 78,986 sq ft of new floorspace in six small- to mid-box units, with occupation targeted from the fourth quarter of 2027.
Units will range from 5,555 sq ft to 16,000 sq ft. The plans target BREEAM “Excellent” and EPC “A+” ratings through a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards.
Brownfield site in established industrial area
The 2.6-acre brownfield site is located on Nathan Way within an established industrial area. The announcement places it five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25, close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
Verdion will be responsible for developing the site on behalf of L&G, which will own the asset. The permission is for a speculative scheme, and the announcement did not disclose any pre-letting agreements or confirm a construction start date.
John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offered considerable value-creation potential. He cited high volumes of new residential development nearby and constrained industrial and logistics supply as factors creating scope for a modern, multi-let park for occupiers seeking opportunities close to the City and the M25.
Clements added that LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. That platform is targeting brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.
The development team argues that the combination of new homes nearby and limited industrial supply supports demand for modern, well-located urban logistics space. The scheme’s environmental targets are intended to align with that demand while reusing a brownfield site.
LiteHub Greenwich will offer six units aimed at occupiers requiring small- to mid-box space rather than a single large facility. The multi-unit configuration is intended to support multi-let occupation, although no tenants have been named.
The scheme is intended to add small- and mid-box space in an area where the development team sees constrained supply. Its stated sustainability commitments cover carbon, energy performance, biodiversity and social safeguards, although the announcement did not provide detailed specifications for individual units or information on rents.
The announcement also references the Urban Logistics exhibition at ExCeL London on 9-10 June 2027, where autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are due to be discussed.