Industrial Agency, Investment & Development

Industrial Development

With experience across the Industrial market and particularly within London, the Levy Development Consultancy team advise on the acquisition and disposal of development sites and particularly identifying alternative development potential for existing industrial sites.

The team’s consultancy also encompasses on assessing the viability of speculative development and consulting on funding.

Case Studies

G Park London Docklands

Levy’s Industrial team advised on the sale of a 7.9-acre site in London on which Gazeley is planning to develop into G Park – the UK’s first three-storey ‘Ultra Urban’ warehouse facility.

The Docklands site is located adjacent to Silvertown DLR station and is well connected to major transport routes into central London. The intention is to create a last mile logistics hub which would enable logistics operators to service residential and commercial customers across the capital.

The G Park development will feature three c.130,000 sq ft levels of warehousing with the upper floors accessed via an HGV circulation ramp. Each level will offer occupiers eaves heights of 8-10 meters; floor loading of 25KN/m2; 35m service yards; and Grade A office space. Each floor would be divisible into three units of circa 45,000 sq ft to suit occupier requirements.

Levy advised Galliard Homes and Cain International on the sale of the site and has been retained as letting agents on the project.

A planning application is being submitted in September 2018 construction is programmed to commence in January 2019 and practical completion in October 2019.

Levy Case Study - G-Park London Docklands

Cubic Estate, Eastman Way, Hemel Hempstead

The industrial development team have worked with landowners, Cubic Estates, to renegotiate the Cadogan Tate lease and provide advice on the redevelopment of the remainder of the site including development appraisals, development cashflows and leasing advice.

The estate has been occupied Cadogan Tate Ltd since 2007 occupying the entire site and buildings extending to 142,918 sq ft on a site of 6.4 acres.

In September 2018 a planning application was submitted to demolish 59,788 sq ft of buildings on the site and replace with a new 4 unit industrial warehouse scheme totalling 56,100 sq ft. The retained buildings includes a 15 m high bay warehouse and adjacent warehouse and office totalling 83,130 sft which Cadogan Tate will continue to occupy. Unit 3 will be occupied by Cadogan Tate with the remainder of three units available to let to alternative occupiers. Practical completion is programmed for October 2019.

Construction is due to commence in January 2019 and Levy Real Estate are retained letting agents on the scheme.