Verdion and L&G’s Industrial Property Investment Fund (IPIF) have obtained planning permission for a £30 million urban logistics scheme in the West Thamesmead Opportunity Area, part of the London Borough of Greenwich.
The project, called LiteHub Greenwich, will be developed speculatively as a multi-let industrial park. It is intended to be ready for occupation from the fourth quarter of 2027 and will offer 78,986 square feet of new floorspace in six small- to mid-box units. No pre-lets have been announced for the speculative space.
The units are planned to range in size from 5,555 square feet to 16,000 square feet. The development is targeting BREEAM “Excellent” and EPC “A+” ratings. Its environmental plans include a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards. The ratings are stated as targets at this stage.
The scheme will occupy a 2.6-acre brownfield site on Nathan Way, within an established industrial area. The land is previously developed, placing the planned park within an existing industrial setting. The location is described as five miles east of the Blackwall and Silvertown tunnels and nine miles from the M25. It also sits close to Lombard Square, Berkeley Homes and Peabody’s new 1,900-home development.
Roles, demand and delivery
Verdion will be responsible for developing the site on behalf of L&G, which will own the completed asset. John Clements, executive director of Verdion and head of its UK activity, said the location offered considerable potential for value creation.
Clements cited high volumes of new residential development nearby and constrained industrial and logistics supply. He said these factors gave the company scope to create a modern, multi-let park for occupiers seeking new opportunities close to the City and the M25.
He also said LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform. That platform is aimed at brownfield redevelopment opportunities with strong ESG credentials close to major population centres.
The scheme is described as speculative, and the announcement does not identify secured occupiers. Its Q4 2027 target refers to readiness for occupation; it does not establish when the units might be leased or when the park would be fully occupied. The announcement does not set out a construction timetable.
The plans also connect the project with broader questions about autonomous delivery, last-mile infrastructure and the challenge of moving goods through cities. Those subjects are scheduled for discussion at the Urban Logistics event at ExCeL London on 9-10 June 2027.