Verdion and L&G’s Industrial Property Investment Fund (IPIF) have been granted planning permission for a £30 million urban logistics scheme in the West Thamesmead Opportunity Area, within the London Borough of Greenwich.
The project, named LiteHub Greenwich, will be developed speculatively as a multi-let industrial park. It will offer 78,986 sq ft of new floorspace in six small to mid-box units, with occupation planned from the fourth quarter of 2027.
The units will range from 5,555 sq ft to 16,000 sq ft, a scale intended to serve occupiers seeking smaller footprints than large distribution warehouses. The scheme is targeting BREEAM “Excellent” and EPC “A+” ratings through a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards.
The development will use a 2.6-acre brownfield site in an established industrial area on Nathan Way. The location is 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.
Verdion will be responsible for developing 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 offered substantial potential for value creation. He cited high volumes of new residential development nearby and constrained industrial and logistics supply as grounds for creating a modern, multi-let park for occupiers seeking opportunities close to the City and the M25.
Clements added that LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. The platform is aimed at brownfield redevelopment opportunities underpinned by strong environmental, social and governance credentials and located close to major population centres.
The project is being brought forward on a speculative basis, without named occupiers having been announced. A construction start date was not disclosed. Planning permission establishes the scale, unit mix and sustainability targets, while the stated occupation date shows that delivery is planned for late 2027.
The proposal is intended to add small and mid-box industrial capacity in an established urban area where new housing is being built nearby. The developers link the scheme’s case to limited logistics supply and demand for sites with access to central London and the motorway network. The plans therefore set out the intended product and environmental performance rather than completed construction or leasing outcomes. The permission is a planning milestone; delivery and letting remain ahead.