Verdion and L&G’s Industrial Property Investment Fund (IPIF) have secured planning permission for a £30 million urban logistics scheme within the London Borough of Greenwich’s West Thamesmead Opportunity Area.
The development, named LiteHub Greenwich, will be built speculatively as a multi-let industrial park. It is due to be ready for occupation from the fourth quarter of 2027 and will offer 78,986 sq ft of new floorspace in six small- to mid-box units.
The individual units will range from 5,555 sq ft to 16,000 sq ft. The proposals target BREEAM Excellent and EPC A+ ratings through a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards. The six units will sit within a single multi-let park, with the total floorspace distributed across smaller and mid-sized formats.
The 2.6-acre brownfield site is located in an established industrial area on Nathan Way. It lies 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 be responsible for developing 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 offered considerable potential for value creation.
Clements highlighted the high volume of new residential development planned nearby and the constrained supply of industrial and logistics space. He said these factors provided scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25.
He added that LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. The platform is targeting brownfield redevelopment opportunities that have strong ESG credentials and are close to major population centres.
The speculative approach means the scheme is being brought forward without secured occupiers. The partners’ stated rationale points to demand from urban occupiers and limited industrial and logistics supply in the area.
Planning consent sets the scheme’s scale, unit mix and environmental targets. Occupation is scheduled for Q4 2027, with the six-unit park intended to provide new industrial floorspace in a location where such supply is described as constrained.
Separately, the Urban Logistics event is scheduled for ExCeL London on 9–10 June 2027, where autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are set to be explored.