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Plans to deliver a 95,000 square foot, Grade A urban logistics centre, on Croydon’s Factory Lane, have been submitted to the local Council.
The joint venture, between developer Chancerygate and Surrey-registered SGN Place – the property development subsidiary of gas distribution firm SGN – would create more than 250 jobs by developing 14 units. These are to be available on a leasehold basis, ranging from 1,000 to 17,000 square feet.
Factory Lane is situated on the outskirts of central Croydon, 10 miles south of London with good access to the A23, A232 and M25. It is currently home to a Tesco distribution centre, Saisbusry’s Royal Mail and Decathlon.
If Croydon Council approve the plans, work is expected to begin in January of 2023, before being ready for occupation at the end of the year.
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Chancerygate development director, Jonathan Lee, said: “We are very pleased to have submitted our first joint planning application as part of our joint venture with SGN Place.
“This is a hugely exciting opportunity to deliver the first leasehold multi-unit urban logistics site in Croydon for more than 10 years.
“There is very strong demand for high specification, new build urban logistics space in the town and the development has been designed to provide best-in-class last mile facilities with the highest ESG credentials.
“Subject to planning, we look forward to working with our partner SGN Place to revitalise the site and create an enduring and sustainable asset for Croydon. We anticipate the development will enable the creation of more than 250 jobs providing further economic benefit for the town.”
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