Developer Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have received planning consent for a £30 million urban logistics scheme in the West Thamesmead Opportunity Area. LiteHub Greenwich will be built speculatively on Nathan Way, delivering six small to mid-box industrial units ranging from approximately 5,555 to 16,000 square feet. Total floorspace across the multi-let park will reach 78,986 square feet, with occupation planned for the fourth quarter of 2027.

The 2.6-acre brownfield site is situated five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25, adjacent to the 1,900-home Lombard Square project by Berkeley Homes and Peabody. The scheme represents the initial joint venture between Verdion and L&G. Verdion will lead development duties, while L&G assumes ownership of the completed asset.

The project targets a BREEAM Excellent rating alongside an EPC A+ certification. Plans incorporate whole-life carbon assessments, high energy efficiency, biodiversity measures, and supply chain social safeguards.

John Clements, Executive Director of Verdion and head of its UK activity, said: “This location within LB Greenwich offers a great deal of potential for value-creation. With high volumes of new residential coming forward nearby and constrained industrial & logistics supply, we have scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and M25. It will become the first asset for our UK-wide urban logistics platform, targeting brownfield redevelopment opportunities underpinned by strong ESG credentials close to major population centres.”

Matt Lilley, Assistant Fund Manager (IPIF) and Head of Industrial Development Strategies, L&G, said: “The successful planning approval for LiteHub Greenwich is a testament to the quality of the proposed development, providing high quality industrial & logistics accommodation for occupiers and future job creation in a core London market. It allows IPIF to now progress the scheme in line with Fund strategy to upweight to UK Net Zero Carbon compliant urban logistics assets in strong growth locations.”

Architectural firm Corstorphine & Wright designed the scheme alongside Verdion’s technical team, while Quod served as planning consultant. Leasing agents CBRE and Glenny will handle commercial lettings.