News

GLi, a joint venture between specialist industrial developer KSP and global real assets investor PATRIZIA, which is delivering modern urban logistics that support a cleaner, greener and more efficient capital city in the UK, has achieved practical completion at “CR1” - a new prime ultra-sustainable warehouse in Croydon.

 

The best-in-class ultra-sustainable 52,605 sq ft logistics warehouse will set new benchmarks for cost-efficiency in the south London logistics sector, delivering estimated annual savings of £150,000 to occupiers through its innovative sustainable features and strategic location.

 

David Johnson, Chief Executive Officer at KSP, commented: “This sustainable industrial unit represents a significant leap forward in logistics facility design. By prioritising operational efficiency and cost savings, we’re delivering a solution that meets the evolving needs of modern logistics occupiers while supporting local economic growth.”

 

Croydon’s exceptional connectivity makes it a logistics powerhouse, offering unparalleled access through an integrated transport network including direct road access via the A23 and M25, proximity to East Croydon rail station with frequent services to central London. An extensive tram network connecting key industrial and residential areas gives immediate access to a dense, skilled local workforce specialising in logistics operations.

 

The CR1 facility is designed to maximise operational cost-efficiency, featuring 100% electric power infrastructure with fully equipped EV charging points for cars and delivery vans. The warehouse promises significant energy cost savings of £2.82 per sq. ft, achieving this through cutting-edge sustainable technologies and forward-thinking design.

 

Key operational advantages include a 12m clear height offering 50% more volume compared to typical Croydon warehouse. There is potential for a 37,000 sq ft mezzanine, enabling a 70% increase in operating space to meet diverse logistics requirements.

 

SHW and CBRE are joint letting agents for CR1. Alex Gale, Senior Partner at SHW, says: “SHW are excited to be one of the joint sole agents on this scheme and to be offering the next generation of logistics units to the South London market. Being electric only, offering up to 850Kva and an innovative green wall, the unit has future proofed the occupation for the first tenant. With a number of viewings already having taken place, we expect an early deal to be secured.”

 

Mark Krol, Director of Fund Management at PATRIZIA, stated: “CR1 exemplifies our commitment to delivering high-performance logistics assets. By combining advanced sustainability features with strategic location advantages, we’re creating a value-driven solution that offers occupiers substantial operational cost reductions and future-proof infrastructure.”

 

The development continues GLi’s strategic expansion within the Greater London logistics market, with the portfolio now including key locations in Park Royal, Charlton, Enfield and Mitcham.

 

CR2, the portfolio’s second Croydon warehouse, is scheduled to commence construction shortly.