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16 Dec 2022
As part of our recent episode of the PAT Podcast, George Hickman, CFO at KSP and Luke Le Brun, Director at PATRIZIA discussed their views on how ultra-sustainable logistics can make an impact on more than just the building and occupier.
GLi – a joint venture between KSP and PATRIZIA - has received planning permission for its second Park Royal site - PR2, a new prime ultra-sustainable warehouse.
PR2 is at the heart of Park Royal, West London’s premier industrial location. It boasts exceptional connectivity via the North Circular Road, A41 and M25, and complements the GLi platform’s existing acquisitions in the area with its first site, PR1, already pre-let to Classic Fine Foods.
The new scheme continues GLi’s expansion and further bolsters its Greater London offer. Aiming to meet an increasing market demand for last mile logistics space within the M25, other GLi locations include Charlton, Croydon, and Mitcham.
As with all GLi properties, the new Park Royal site will be highly energy efficient and redeveloped on a net zero carbon basis with sustainability a key priority. It will be 100% electric powered, offer fully equipped car and delivery van EV charging points and will be built to accommodate future battery storage in line with tenant requirements, responding to market demand for environmentally responsible real estate that saves on occupier energy costs. PR2 will also deliver biodiverse landscaping and rainwater harvesting.
Park Royal, otherwise known as London’s food basket, is an established location for industrial and occupiers, particularly within the food, film, logistics and creative industries. PR2 aims to meet the needs of businesses in these sectors and beyond by offering modern, energy efficient units with 25% more cubic capacity than other buildings in the area. It is designed with employee wellbeing considerations at its heart, with access to natural daylight, air conditioning and bicycle storage.
David Johnson, Chief Executive Officer at KSP, said: “We are delighted to be able to move forward on this ground-breaking, sustainable industrial unit in such a fantastic location so close to Central London. Its construction will help support the local economy and job creation and the unit will provide future occupiers with an ultra-sustainable building adhering to strict energy efficiency targets. Our schemes will also allow businesses to lower their energy costs, while supporting the environment.” Luke LeBrun, Director, Asset Management at PATRIZIA, said: “In order to meet the challenges posed by rapid urbanisation and the demand to decarbonise, we must deliver logistics assets that truly place sustainability at their heart. Our GLi platform aims to deliver best-in-class urban logistics properties in key parts of London from the ground up, which will play a key role in serving Londoners in a cleaner, more efficient way that drives maximum value for all stakeholders.”
GLi is a partnership between London-based asset manager and developer KSP and global real asset investment manager PATRIZIA. The GLi platform aims to invest in assets in strategic locations across Greater London.
