Legal & General Property (LGP), on behalf of its Life Fund, has begun a £25 million speculative warehouse development at Barclay Way, West Thurrock, south-east of London, in partnership with Graftongate Developments, who will deliver the scheme.
Construction is under way and completion is set for November 2016.
Named Thurrock 162, this new speculative high bay industrial / warehouse development will comprise a single Regional Distribution Centre of 162,508 sq ft (15,095 sq m) within a 7.6 acre secure site with the benefit of 13 m eaves height, cross loading, dock & level loading doors off a 53m deep yard. A 17 MVA power supply has been reserved for specialist users such as data centre or cold store occupiers.
The site is strategically located close to the Dartford Crossing and within one mile of Junction 31 of the M25 motorway. West Thurrock is a well-established distribution location and has attracted blue chip occupiers such as DHL, Wincanton, Procter & Gamble and Unilever Best Foods.
CBRE, GVA Bilfinger and Altus Group have been appointed letting agents.