Land at Red Lion Road, Tolworth

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Thesis

In order to achieve a net zero carbon economy by 2050, the UK must reduce its total energy consumption and increase the amount of energy it generates from renewable sources. The built environment accounts for approximately 40% of energy use and around 40% of the UK’s total carbon footprint – so improving the energy efficiency of our buildings is critical if we want to reach our net zero targets. Developing high-quality, low-carbon industrial units will contribute positively towards this.

Investment

Our site in Tolworth sits within the Red Lion Business Centre and has mainly been used as open storage and a car park. We acquired the site – inside the M25 with good access to the South-West London area – in October 2020, and expect strong occupier interest due to a lack of logistics/industrial development in the area during the last 10 years. The properties themselves are expected to demonstrate environmental leadership, focusing on reducing carbon emissions and maximising energy-efficiency in operation.

Outcomes

The high-quality industrial units we plan to deliver for SME occupiers aim to contribute positively towards the decarbonisation of the built environment: units are targeting a 100% CO2 emissions savings against standard new construction, with carbon neutral ratings of EPC A+ and BREEAM certification levels of ‘Excellent’.