Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have received planning permission for a £30 million urban logistics scheme in the West Thamesmead Opportunity Area, within the London Borough of Greenwich.
The project, named LiteHub Greenwich, will be developed speculatively as a multi-let industrial park. It is scheduled to be ready for occupation from the fourth quarter of 2027 and will provide 78,986 sq ft of new floorspace across six small to mid-box units.
Unit sizes and sustainability targets
The units will range from 5,555 sq ft to 16,000 sq ft. The scheme is targeting BREEAM “Excellent” certification and an EPC “A+” rating. According to the announcement, the plans combine a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards.
The site is a 2.6-acre brownfield opportunity in an established industrial area on Nathan Way. It is described as being five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25. The location is also close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
Development roles and occupier demand
Verdion will develop the site on behalf of L&G, which will own the asset. John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offered considerable potential for value creation.
He pointed to high volumes of new residential development nearby and constrained industrial and logistics supply as factors creating scope for a modern, multi-let park. Such a scheme would serve occupiers seeking new opportunities close to the City and the M25, he added.
Clements said LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. That platform is focused on brownfield redevelopment opportunities supported by strong ESG credentials and located close to major population centres.
The planning consent gives the partners a scheduled pipeline project rather than an immediate supply addition. With completion targeted for late 2027, the scheme is positioned to add small and mid-box space in an established industrial location while responding to nearby residential growth and limited logistics availability. The project is a future addition to local industrial supply, with delivery timed for late 2027.
The BREEAM and EPC ratings are targets for the scheme rather than certifications already achieved, according to the announcement.
Separately, the announcement said autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities would be explored at the Urban Logistics event at ExCeL London on 9-10 June 2027.