Berkeley parks

SEGRO: St George and SEGRO form joint venture to deliver their first UK multi-storey industrial development in London’s Brent district

St George and SEGRO form joint venture to deliver their first UK multi-story industrial development to London’s Brent district

October 18, 2021

  • SEGRO V-Park Grand Union to provide 134,500 square feet of light industrial space over six floors
  • The development is part of Grand Union, a dynamic new neighborhood on the canal with more than 3,000 homes delivered by St George located in Alperton, close to Park Royal

St George, a leading mixed-use developer in London and part of the Berkeley Group, and SEGRO, the leading owner and developer of warehouse space, have formed a 50:50 joint venture to advance their first urban industrial development in multi-storey in the UK as part of a large mixed-use neighborhood in Grand Union delivered by St George to Brent, North West London.

The pioneering development will provide 134,500 square feet of flexible light industrial space over six floors and support up to 500 jobs and apprenticeships. The industrial development, which will be called SEGRO V-Park Grand Union, is an innovative new concept to provide multi-storey lightweight industrial property and is designed to maximize employment space and field accessibility of 1, 7 acre. The concept fully supports the aspirations of GLA’s new London plan to intensify industrial land, create jobs and housing as part of the regeneration of a larger brownfield site.

It is part of Grand Union, a new canal side destination which is delivered by St George. The 22-acre abandoned former Northfields industrial area is being transformed into a vibrant new mixed-use neighborhood in Alperton, comprising 3,350 homes, 35% of which will be affordable, with the first residents being welcomed later this year, providing much-needed homes and jobs to the London Borough of Brent.

Grand Union will provide 10.2 acres of publicly accessible landscaped gardens, a 240% net biodiversity gain, a community center, health center, local supermarket and a range of on-site amenities. The new neighborhood will also open previously inaccessible parts of the Grand Union Canal and the Brent River to the local community, creating improved routes around Grand Union and to nearby Stonebridge Park station.

Within SEGRO V-Park Grand Union, the ground floor and the first floor will be used to provide more than 100 parking spaces, with charging points for electric vehicles also being integrated. The flexible industrial space is arranged over four upper levels that can be configured up to 20 individual units offering a range of sizes, supported by shared meeting rooms, relaxation areas and wellness areas, including a green roof terrace.

The development will incorporate sustainability features such as photovoltaic cells and an internal green wall. Construction is expected to begin in the summer of 2022.

SEGRO V-Park Grand Union expands SEGRO’s presence in North West London. It is located close to Tudor Estate and Premier Park at Park Royal and will face the North Circular (A406), providing excellent connectivity with the M1 and M25.

Piers Clanford, Managing Director of St George Plc, said:

“Grand Union has been carefully designed with the local community to create an exciting new neighborhood by the canal, offering high quality homes and vital jobs with a multitude of amenities and uses in beautiful public spaces. SEGRO V- Park Grand Union is a key part of the redevelopment of this complex brownfield regeneration site by providing even more job creation opportunities, in line with the ambitions of the Borough of Brent and the GLA. We look forward to to work with SEGRO on this exciting project.

Alan Holland, Managing Director of Greater London at SEGRO, said:

“SEGRO V-Park Grand Union is a new model of providing essential light industrial space in mixed-use communities.

“We are strong advocates of multi-storey storage in certain urban contexts given the pressure on land supply and the need to create a space that supports different types of jobs. We have successfully delivered large scale multistage logistics to Paris and now have the opportunity at Grand Union to adapt this format to a smaller urban site.

“This regeneration project is a model on how to revitalize underutilized industrial land to provide much needed housing and jobs and we look forward to working with the GLA, the London Borough of Brent and St George to move these plans forward. exciting. ”

Councilor Shama Tatler, Senior Member for Regeneration, Ownership and Planning of the London Borough of Brent, said:

“SEGRO V-Park Grand Union is a welcome addition to the borough. Not only will it support hundreds of new jobs when it is created, but it will also provide high-quality industrial surfaces suitable for the exploitation of light industry. V-Park attracts a range of occupants – from start-ups to more established businesses.

“Later this year we will welcome our first residents to Grand Union as part of our partnership with St George and we look forward to seeing them move into their new homes as the development transforms into a thriving place to live, work and connect. ”

Jules Pipe, Deputy Mayor for Planning, Regeneration and Skills at the Greater London Authority, said:

“SEGRO V-Park Grand Union is a very welcome and innovative approach to industrial intensification that will be part of an exciting new mixed-use development in London. The development will provide high quality homes, while creating a workspace industrial essential for a rich variety of small businesses that will create hundreds of jobs in the community. We look forward to SEGRO and St George’s launching a dynamic new mixed-use program that will bring affordable housing and employment to Brent. ” .

ENDS


For more information please contact:

Lara Al-Sabti, Head of External Communications, SEGRO

[email protected]

Ollie Pratt, FTI Consulting, St George

[email protected]

Notes to Editors:

About St George PLC

St George is proud to be a member of the Berkeley Group. We regenerate brownfields to create beautiful and prosperous places where communities thrive and where people of all ages and backgrounds enjoy an excellent quality of life.

Every place we create has a bespoke, locally inspired master plan and every home we build is individually designed.

St George’s current live venues will offer more than 14,000 mixed-use housing, 915,000 square feet of retail space and 33 acres of open public space.

This year, St George received the “Gold” and “Outstanding Achievement” Awards for Customer Satisfaction from In-House Research in recognition of their contribution and commitment to providing a world-class customer experience.

About the Berkeley Group

Berkeley Group builds homes and neighborhoods in London, Birmingham and the south of England.

Our main goal is to build quality homes, strengthen communities and improve people’s lives.

We now feature 29 of the most challenging large-scale regeneration sites in the country, including fenced gas plants, industrial estates and military grounds, which are stitched into the local fabric and brought to life by a mix of houses, equipment, parks and spaces.

We take a holistic approach to creating spaces, working in partnership with local people and councils to create thriving places where communities thrive and where people of all ages and backgrounds can enjoy excellent quality. of life.

Every place we create has a bespoke, locally inspired master plan and every home we build is individually designed.

Founded in 1976, we are a proud UK business and taxpayer. Our business success funds public services, supports thousands of jobs, drives economic growth and creates shareholder value.

We are an FTSE 100 company. Between 2015 and 2020, we built over 18,400 homes of all types and tenures and contributed £ 13.8 billion to the UK economy.

Our Group is made up of six independent companies: Berkeley, St Edward, St George, St James, St Joseph and St William.

Through the Berkeley Foundation, we fund impactful charitable programs and partnerships that make a big difference to thousands of underprivileged people every year.

Find out more at www.berkeleygroup.co.uk


About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial properties. It owns or manages 8.8 million square meters (95 million square feet) worth £ 15.3 billion serving clients from a wide range of industry sectors. Its properties are located in and around major cities and at key transport hubs in the UK and seven other European countries.

For over 100 years, SEGRO has been creating the space that allows extraordinary things to happen. From modern large-area warehouses, used primarily for regional, national and international distribution, to urban warehouses and light industrial properties located near major population centers and business districts, it provides high quality assets that allow for its customers to prosper.

The commitment to be a force for the good of society and the environment is an integral part of SEGRO’s goal and strategy. Its responsible SEGRO framework focuses on three long-term priorities that the company believes it can have the most impact on: Advocating for low-carbon growth, Investing in local communities and environments, and Nurturing talent.

See www.SEGRO.com for more information.

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Disclaimer

SEGRO plc published this content on October 18, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 18, 2021 08:11:05 AM UTC.


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