Verdion and L&G’s Industrial Property Investment Fund (IPIF) have received planning permission for LiteHub Greenwich, a £30 million urban logistics scheme in the London Borough of Greenwich’s West Thamesmead Opportunity Area.
The project will be developed speculatively as a multi-let industrial park, with the first occupation targeted for Q4 2027. It will provide 78,986 sq ft of new floorspace across six small to mid-box units, ranging from 5,555 sq ft to 16,000 sq ft.
Specification and sustainability
The units are being designed to target BREEAM “Excellent” and EPC “A+” ratings. The plans combine a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards.
Brownfield site in established industrial area
The 2.6-acre brownfield opportunity sits within an established industrial area on Nathan Way. It is about 5 miles east of the Blackwall and Silvertown Tunnels and 9 miles from the M25, close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
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 location offers significant value-creation potential. He pointed to high volumes of new residential development nearby and constrained industrial and logistics supply, adding that the scheme can provide a modern, multi-let park for occupiers seeking space close to the City and the M25.
Clements also said LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform, which is targeting brownfield redevelopment opportunities with strong ESG credentials close to major population centres.
Autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are due to be explored at Urban Logistics, scheduled for ExCeL London on 9–10 June 2027.