Australian industrial real estate company Goodman Group has acquired a 9.5 acre industrial site in Park Royal, London via its Goodman UK Partnership.
The site is five miles from Central London and 14 miles from Heathrow Airport , within London’s largest industrial area.
Adjacent to the UK’s largest regeneration development at Old Oak, the area will benefit from significant infrastructure investment, including the new HS2 Interchange at Old Oak Common. Scheduled for completion in 2026, it will be the catalyst for a new commercial and residential district comprising 25,500 new homes and 65,000 jobs. The new Crossrail terminus will provide access to central London in 10 minutes, Heathrow in 8 minutes and Birmingham in 38 minutes.
Charles Crossland, Managing Director of Goodman UK, said: “Infill locations such as Park Royal are experiencing strong demand from our customers. This trend is consistent across Goodman’s global footprint and continues to be driven by urbanisation and e-commerce.
“We’re looking forward to working closely with our customers to develop high-quality space that suits their specific needs.”