Verdion and L&G’s Industrial Property Investment Fund (IPIF) have secured planning permission for a £30 million urban logistics scheme in the London Borough of Greenwich’s West Thamesmead Opportunity Area.
The project, named LiteHub Greenwich, will be developed speculatively as a multi-let industrial park. It is designed to provide 78,986 sq ft of new floorspace across six small to mid-box units, with occupation planned from Q4 2027. The development is being brought forward on a speculative basis, with the space intended for multiple occupiers.
Unit sizes and sustainability targets
Individual units will range from 5,555 sq ft to 16,000 sq ft. The scheme is targeting BREEAM “Excellent” and EPC “A+” ratings, supported by a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards, according to the plans.
Brownfield site near new housing
The 2.6-acre brownfield opportunity sits within an established industrial area on Nathan Way. It is described as five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25, close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
The consent covers a multi-let industrial park rather than a single-user facility. The planned unit range is intended to accommodate small and mid-box occupiers, a segment that the project’s backers link to constrained industrial and logistics supply in London. The Nathan Way location is already an established industrial area, while the surrounding neighbourhood is set for large-scale residential growth through the Lombard Square development.
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 location offers “a great deal of potential for value-creation.” He pointed to high volumes of new residential development nearby and constrained industrial and logistics supply as factors supporting a modern, multi-let park for occupiers seeking space close to the City and the M25.
Clements added that LiteHub Greenwich will become the first asset in Verdion’s UK-wide urban logistics platform, which is targeting brownfield redevelopment opportunities with strong ESG credentials close to major population centres.
The scheme’s planned speculative construction and Q4 2027 delivery date place it among urban logistics projects responding to demand for smaller, well-connected units in London. The developers are also positioning the park around environmental and social criteria alongside its location and unit mix.
Autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are due to be discussed at Urban Logistics, scheduled for ExCeL London on 9-10 June 2027.