GLi is a joint venture between Patrizia and PRBG Member KSP to develop a portfolio of next generation logistics warehouses within the M25.
GLi is committed to supporting sustainability in Park Royal by developing ultra-modern warehouses. Their three new logistics developments will deliver nearly 250,000 sq ft of best-in-class industrial facilities.
Park Royal is commonly known as ‘London’s Kitchen’ because of its prominence as a hub for food production and distribution. Demand is such that GLi’s first unit has already been pre-let to an established local business, Classic Fine Foods (CFF). CFF, continuing its expansion, will be moving to PR1, a 61,611 sq ft unit in Q1 2023.
Olivier Batel, Managing Director of Classic Fine Foods said: “We are looking forward to working with the GLi team and moving into PR1, following completion. The space gives us the ability to grow, in a sustainable way and is close to our current business base, making it the ideal opportunity.”
In addition, two more units are in development. PR2 is a 76,911 sq ft unit, subject to imminent planning approval and will become available for occupation in Q4 2023.
PR3 is the latest acquisition, a 2.79-acre site that occupies a prominent corner location on Twyford Abbey Road, previously operated by Gowing & Pursey.
Each of the three sites will offer sector-leading sustainability and energy efficiency, as with all GLi properties. They will be 100% electric, providing multiple EV car and van charging points, maximum rooftop PV coverage. Storage batteries are included, providing substantial savings in energy costs equivalent to a value of £1.50 per sq ft.
David Johnson, CEO, KSP said: “We are very excited to have three Park Royal properties in our portfolio, especially when there is such competition for sites in this key location. This allows us to create Grade A, ultra-sustainable industrial units in key target markets for our future tenants who are looking to expand or relocate in the area.
“We are also encouraged that our sustainable designs, including battery storage, are proving so effective in benefiting our occupiers by reducing energy costs and increasing resilience and energy independence.”
For further information contact Natasha Cobley : NCobley@wlcreative.org.uk
