An 86-acre East London site close to the Port of Tilbury has been unveiled by logistics and industrial developer SEGRO and London Mayor Boris Johnson.
The East Plus site is a series of industrial locations spanning Newham, Barking & Dagenham and Havering on both sides of the A13 corridor – a key route giving fantastic access to both central London and the Port of Tilbury. The site is owned by the Greater London Authority.
The planned 10 year partnership between the Greater London Authority and SEGRO will see 86 acres of land across five sites rejuvenated for a range of industrial uses, with the land to be transferred to SEGRO in stages over the life of the partnership. SEGRO estimates that the sites can support approximately 1.4 million sq. ft. of new urban logistics and light industrial spaces, suitable for occupiers ranging from blue-chip companies to start-up firms. SEGRO’s investment is expected to be approximately £180 million over the coming years.
David Sleath, SEGRO Chief Executive, said: “This significant partnership comes swiftly after our recent acquisition of a 20 acre site inside the M25 in Purfleet.”