Berkeley JV plans ‘first UK multi-storey warehouse’ | Construction News

The Berkeley Group will head a new joint venture to deliver the ‘first multi-storey warehouse in the UK’. Berkeley’s subsidiary, St George Plc, formed the JV with warehouse developer Segro to develop the six-storey warehouse in north-west London. The whole space, measuring around 134,500 square feet, will support up to 500 jobs and apprenticeships, the companies said.

The venture claims it will be the first multi-storey warehouse in the UK. Construction work on the site, which will be called Segro V-Park Grand Union, is expected to begin next summer. The first two storeys of the new site will be for parking, with up to 20 units of industrial space on the four upper levels.

The new block will also include photovoltaic cells and an internal green wall. The development will be part of the Grand Union regeneration, a 22-acre site set to deliver 3,350 homes to the region, 35 per cent of which will be affordable. It was previously a derelict industrial estate called Northfields.

St George managing director Piers Clanford said: “Segro V-Park Grand Union is a key part of the redevelopment of this complex brownfield regeneration site in bringing even further opportunity for job creation, aligning with the London Borough of Brent and the Greater London Authority’s ambitions.”

Demand for warehouse and logistics space has grown in recent years with the rise in online shopping.

Winvic, one of the leading contractors in the market, recently reported a rise in profit in 2020 and said it was on course to turn over close to GBP1bn in 2022[1].

References

  1. ^ turn over close to GBP1bn in 2022 (www.constructionnews.co.uk)


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