Glencar has announced that it has been awarded a contract to construct 155,000 sq ft of grade A industrial and distribution space in a range of units from 5,000 to 85,000 sq ft at a site in Croydon.
The development, which is being marketed as Segro Park Croydon, is situated on a seven-acre site at Redhouse Road, just off the A236 and well connected to London via the M25
The site serves as a well-established strategic location for trade counter, light industrial and warehousing. Units are expected to complete and be ready for occupation in early 2023.
In keeping with the developer’s sustainability commitments, the site is being developed to Grade EPC A specification, incorporating a variety of sustainability features including photovoltaic panels, intelligent low energy lighting and EV charging points.
Roy Jones, Glencar Managing Director, London and South, said:
“Glencar are absolutely delighted to have been appointed on this high-quality last mile logistics scheme in one of the most connected urban centres in the Southeast.”
Alan Holland, Managing Director Greater London, SEGRO, said:
“This is another milestone in the execution of our strategy to significantly grow our Greater London portfolio in key strategic sub-markets in the capital.”