Verdion and L&G’s Industrial Property Investment Fund (IPIF) have secured planning permission for LiteHub Greenwich, a £30 million urban logistics scheme in the West Thamesmead Opportunity Area within the London Borough of Greenwich.
The development will be brought forward on a speculative basis 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 individual units ranging from 5,555 sq ft to 16,000 sq ft. The park is scheduled to be ready for occupation from the fourth quarter of 2027.
Brownfield site near transport links
The 2.6-acre brownfield site is in an established industrial area on Nathan Way. The announcement describes it as five miles east of the Blackwall and Silvertown tunnels and nine miles from the M25. It is also close to Lombard Square, a 1,900-home development by Berkeley Homes and Peabody.
Those details place the project near existing industrial activity and a growing residential population. The announcement links the proposal to demand from occupiers seeking modern space close to London and the motorway network, while noting that industrial and logistics supply in the area is constrained.
Sustainability targets and social safeguards
LiteHub Greenwich is targeting BREEAM “Excellent” and EPC “A+” ratings. The plans include a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards. These elements form part of the proposed development rather than confirmed post-completion performance.
Development and ownership roles
Verdion will develop the site on behalf of L&G, which will own the asset. John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offers considerable potential for value creation. He cited high volumes of new residential development nearby and constrained industrial and logistics supply as reasons for creating a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25.
Clements said LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. That platform targets brownfield redevelopment opportunities supported by strong ESG credentials and located close to major population centres.
The announcement also said autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities will be explored at Urban Logistics, scheduled for ExCeL London on 9-10 June 2027.
The speculative approach means the scheme is being taken forward without pre-letting agreements being disclosed in the announcement. The permission covers the six-unit industrial park described, and the target occupation date is the fourth quarter of 2027.