Oxford Properties Group (Oxford) and Logistics Capital Partners (LCP) have secured planning permission to develop c. 31,587m2 of technologically advanced and environmentally sustainable logistics space on a 60,703m2 brownfield site adjacent to Heathrow Airport. The much-needed new space will be delivered across two units of 18,580m2 and 13,006m2, respectively.
The project has been designed to high sustainability and quality standards, including net zero carbon in construction and operation as well as 15-metre eaves, 50-metre yards and dedicated gatehouses. With an energy rating of EPC A+, Oxford and LCP are also targeting BREEAM Excellent and WELL Gold Standard certification. Located next to Cranebank Natural Reserve, the scheme responds to the needs and well-being of modern customers by offering access to parks, water meadows and wildlife.
Oxford and LCP acquired the site, which is in a prime location immediately adjacent to London Heathrow Airport’s perimeter, in 2020 from British Airways which had been its owner-occupier for over 50 years and latterly used it as a training facility.
Robin Everall, Head of Development at Oxford Properties said: “Logistics remains a key sector for us given its strong income profile and robust occupier demand as a result of continued structural tailwinds - urbanisation, growth of e-commerce and a focus on onshoring and the strengthening of supply chains as a result of the long-term impact of the pandemic, as well as the broader political and economic macro environment. This planning permission allows us to bring forward with LCP much-needed environmentally sustainable logistics space in a prime supply-constrained location, that we have designed to help occupiers reduce their carbon footprint and benefit from technologically advanced features that will improve their operations.”
John Pagdin, UK Head at LCP said: “As a team, we are extremely excited about developing this scheme alongside Oxford Properties. It represents the introduction of a much-needed high-quality asset to the Heathrow & West London markets setting new standards of sustainability and occupational efficiency. We have already had positive discussions with active occupiers and look forward to progressing these as the scheme develops.”
Image provided by FTI Consulting.
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