Logistics group Gazeley is planning to build UK’s first three-storey warehouse in London to cater for the final leg of distribution.
Gazeley said it has acquired a six-acre plot of land in Silvertown from joint venture partners Galliard Homes and Cain International represented by Simon Higgins at Levy Real Estate.
No financial details were disclosed.
Gazeley expects the development, known as G Park London Docklands, to be completed by the end of 2019, subject to planning permission.
The warehouse will comprise over 426,000sqft of space over three levels allowing for either multiple or single customer occupancy.
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 developer of logistics warehouses and distribution parks said.
“With scarce land available in London and an increasingly on-demand economy, distribution and logistics operations must find new and innovative ways to keep up with increasing delivery volumes demanded in shorter time periods,” it said.
Alex Verbeek, the managing director, UK, Gazeley, said: “London is at the forefront of the digital revolution, but these services require an equally innovative supply chain to facilitate it.
“We feel that G Park London Docklands will make a big contribution to the infrastructure which is essential to support London’s evolution as a leading centre for digital commerce.”
Gazeley is now part of GLP after being acquired by the larger peer from Brookfield Asset Management last year.
