Logicor, a leading owner and manager of logistics real estate in Europe, is continuing to grow its portfolio in the UK by acquiring a newly developed multi-let industrial and logistics estate in Dartford, South East London.
Part of the Littlebrook Power Station redevelopment, Plot 4a & 4b, comprising 20 units ranging from 2,885 to 6,025 sq ft, has been purchased from Tritax Big Box and Bericote to add to Logicor’s extensive UK portfolio. The scheme will be known as Logicor Park Dartford.
The high-specification terrace of industrial / warehouse units is in a prime industrial and logistics location within the M25 orbital motorway and provides a total of c.83,000 sq ft of new, multi-let business space for this undersupplied location.
Logicor Park Dartford will be built to EPC ‘A’ Rated and BREEAM Excellent, with LED lighting throughout, solar PV roof panels, along with EV charging points.
Logicor Park Dartford will encourage the use of green travel to and from work with bike shelters, showers, changing facilities and lockers, along with a cycle to work scheme and a free bus shuttle service. Biodiversity is also supported with initiatives on site such as bee and insect hotels and bird boxes.
Strategically located adjacent to the Dartford Crossing, the scheme is positioned to provide quick, direct access to Central London and to the wider south east markets via the M25, A13 and A2. Existing occupiers in the area include Amazon, IKEA, DPD and Sainsbury’s.
Richard Phillips, Logicor’s Portfolio Director, comments: “This scheme fits perfectly within our strategy of expanding our presence in well-located industrial and logistics areas across the UK. The strategic position of Logicor Park Dartford, with its close proximity to Central London within the M25, matches our vision for connecting our customers with their customers and enabling the flow of trade.
“We are now marketing the space to let from Q1 2023 and are continuing our acquisition programme for further, well-located sites across the UK.”
JLL and DTRE have been appointed as letting agents for the scheme.
Jake Huntley, Partner at DTRE, says: “The demand for modern, well specified logistics accommodation has remained strong in recent months, as occupiers seek to decarbonise their supply-chain and increase operational efficiencies. We anticipate that the specification of Logicor Park Dartford will appeal to a wide range of businesses, aiming to benefit from the energy efficient accommodation.”
Jeffrey Prempeh, Associate at JLL add: “Dartford is an established area for industrial and logistics, serving as a strategic location providing access to London and beyond. With a shortage of industrial space in the market, there is a growing demand from SME for flexible industrial offerings, Logicor Park Dartford aims to address those needs with 20 high quality warehouse units ranging from 2,885 to 6,025sq ft.”