Bridge Industrial has acquired a site for new industrial development in Croydon, Greater London. The freehold 2.6-acre site on Factory Lane has been acquired from a private investor. The existing employment site will be redeveloped to provide a new 62,000ft² industrial/warehouse unit built speculatively to serve the last-mile logistics sector. Planning for the scheme – to be known as Bridge Point Croydon (BPC) – will be submitted towards the end of 2021. The purchase price was not disclosed.
Paul Hanley, Bridge’s London Partner, commented: “This Greater London site, our fourth site acquisition in just four months, is perfectly positioned to fit with our strategy of acquiring and developing high quality, purpose-built infill industrial assets to serve the last-mile logistics sector. Located in an established industrial location, Factory Lane, with access to the A23 – Purley Way – and the A232, the site provides excellent connections into Central London and out to the M25 to serve the Greater London area.”
