St George, SEGRO form JV for industrial development in Brent

St George, SEGRO form JV for industrial development in Brent
Image: SEGRO

St George, a member of the Berkeley Group, and SEGRO have formed a 50:50 joint venture to develop an urban multi-storey industrial property as part of a major mixed use neighbourhood at Grand Union being delivered by St George in Brent, North West London.

The industrial development, to be called SEGRO V-Park Grand Union, will provide 134,500 sq ft of flexible light industrial space over six storeys and support up to 500 jobs and apprenticeships.

SEGRO said the concept fully supports the aspirations in the GLA’s new London Plan to intensify industrial land, delivering jobs and homes as part of the regeneration of a wider brownfield site.

It forms part of Grand Union, a new canal-side destination which is being delivered by St George. The 22-acre former derelict Northfields Industrial Estate is being transformed into a vibrant new mixed-use neighbourhood in Alperton compromising 3,350 homes, 35% of which will be affordable with first residents being welcomed later this year, delivering much needed homes and jobs to the London Borough of Brent.

The development will incorporate sustainability features such as photovoltaic cells and an internal green wall. Construction is expected to begin in summer 2022.

SEGRO V-Park Grand Union expands SEGRO’s footprint in North West London. It is located close to Tudor Estate and Premier Park at Park Royal and will front onto the North Circular (A406), providing excellent connectivity to the M1 and M25.

“Grand Union has been carefully designed with the local community to create an exciting new canalside neighbourhood, delivering high quality homes and vital jobs offering a wealth of amenities and uses within beautiful public spaces. 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 Borough of Brent and the GLA’s ambitions. We look forward to working with SEGRO on this exciting project,” said Piers Clanford, Managing Director, St George Plc.

Alan Holland, Managing Director, Greater London at SEGRO, said:

“SEGRO V-Park Grand Union is a new model for delivering much-needed light industrial space as part of mixed-use communities.

“We are strong advocates for multi-storey warehousing in some urban settings given the pressure on land supply and the need to create space that supports different types of employment. We have successfully delivered multi-storey logistics at scale in Paris and now have the opportunity at Grand Union to adapt this format for a smaller urban site.

“This regeneration project is a template for how to revitalise under-utilised industrial land to deliver much needed housing and jobs and we look forward to working with the GLA, London Borough of Brent and St George to bring forward these exciting plans.”