Highly sustainable logistics units in an established industrial location in west London
- Investment StrategyLow-carbon logistics, Property
- Date of Initial InvestmentJanuary 2023
- Bridges ExecutivesHenry Pepper
Thesis
The built environment is responsible for about 37% of all carbon emissions globally. So improving energy efficiency is of the most important factors in achieving Net Zero carbon emissions.
Meanwhile the rise in e-commerce – accelerated by the pandemic – has driven greater investment in urban and last-mile logistics; and factors such as use diversification and re-shoring are helping to sustain demand.
So low-carbon logistics facilities are becoming increasingly attractive to organisations as a way to meet consumer demand, cut operating costs, accelerate their own Net Zero journey by reducing emissions, and future-proof their real estate portfolio against incoming regulation.
Investment
Bridges and our partner Chancerygate have been granted planning consent to build Harlequin Industrial Park, a highly sustainable 90,000 sq ft Grade A urban logistics development in Hayes, west London.
Harlequin will sit in an established industrial location on Southall Lane with Beaver Industrial Estate, International Trading Estate and Western International Market all nearby. The development benefits from excellent road connectivity and is less than one mile from junction three of the M4 motorway and four miles from the A40.
Once complete, the scheme will comprise nine units ranging from 5,100 sq ft to 39,700 sq ft, with a projected gross development value of around £40m.
Construction work is due to start in 2024 after the demolition of the office buildings currently on the site.
Outcomes
All properties at the development will target a minimum EPC rating of A+ and a BREEAM Excellent rating. They will feature electric vehicle charging points along with solar cells which provide occupiers with affordable green energy. In addition, the units will be constructed from high-performance building materials to reduce CO2 emissions.