Savills IM and Panattoni reach practical completion of Belvedere Wharf logistics development with net zero carbon approach

Savills Investment Management (Savills IM), the international real estate investment manager and Panattoni, Europe’s largest developer of logistics property have reached practical completion of the development of two high-specification industrial warehouse units at Belvedere Wharf, South East London.

The development comprises two semi-detached industrial/warehouse units of 52,129 and 62,344 square foot (sq ft), available either individually or as a combined 114,473 sq ft space.

Belvedere is one of South-East London’s most sought after logistics locations within seven miles of junction 1A of the M25, eight miles from the Blackwall Tunnel and 13 miles from Central London. Belvedere is also already home to many leading businesses including Amazon, ASDA, Iron Mountain, Lidl, Tesco, B&Q, Dixons, DVLA, Tarmac, Metropolitan Police, DAF, Travis Perkins, CCF and Ocado.

The new development is net zero carbon in design and construction with a goal to achieve whole-life net zero carbon by collaborating with tenants. We have followed UK GBC guidance, therefore all embodied carbon in construction has been minimised. The units are highly energy efficient and use renewable energy from a Solar PV array on the roof. A minimal payment will be made in line with HM Treasury Green book carbon pricing to off-set the residual carbon which is inevitable in any new construction.

To ensure that the asset is delivering on its sustainability objectives, Savills IM will be undertaking a net zero carbon audit a year after in-use energy performance data is available.

Jo Buckley, Associate Director, Savills IM, commented:

“In line with our investment strategy and sustainability goals, we worked with Panattoni and Couch Perry Wilkes to design a building that is net zero carbon in construction but gives a good platform for this to also be achieved operationally where we will endeavour to work with our tenants in achieving the ultimate goal of whole life cycle Net Zero Carbon. Therefore, Belvedere Wharf is not only a best-in-class industrial asset in terms of its premier logistics location, but moreover, is adopting net zero carbon technology to the benefit of our clients and wider society.”

James Watson, Development Director at Panattoni, said:

“Belvedere Wharf is a superb opportunity for occupiers looking to serve the largest consumer market in Europe. This modern, sustainable logistics space offers fast access to the inner London markets and M25 orbital motorway, bringing a large swathe of the south east within easy reach. It was great working with Savills IM on the last phase of this highly successful and high profile development.”