British Land adds another to £1.3bn pipeline

Property developer British Land will deliver a major new logistics hub in north London. 

It has received planning permission for a 455,000 sq ft multi-level logistics depot at Heritage House, in Enfield.  

British Land acquired Heritage House, a 200,000 sq ft warehouse near Junction 25 of the M25, in 2021.  

The site is currently let to Waitrose and Crown Records Management. 

The company said the development will cater for the “growing demand for rapid distribution” across Greater London. 

The main 435,000 sq ft building will be split into two levels, allowing access to HGVs to ground and first-floor service yards. 

20,000 sq ft of space at the front of the site will be available to “smaller occupiers”. 

“The plans provide flexibility of layout, including potential for sub-division, to meet the requirements of a wide range of occupiers and ensuring the building can meet both current and future market demand,” said the company. 

The scheme will be rated BREEAM ‘Excellent’, with an EPC ‘A’ rating.  

Solar panels and air source heat pumps will also be installed.  

British Land’s 2.9 million sq ft Greater London logistics pipeline currently has a gross value of £1.3 billion. 

It includes two sites off the Old Kent Road (Mandela Way and Verney Road), Finsbury Square car park, The Box at Paddington Central, and sites at Wembley and Thurrock.  

“Following a successful planning outcome at Paddington Central earlier this year, we are delighted to have received consent in Enfield for our first multi-level scheme,” said Mike Best, head of logistics at British Land. “Our densification and repurposing strategy will help address the acute shortage of prime logistics space in London. 

Adding: “With over 1 million sq ft of urban logistics schemes currently in planning, we have exciting opportunities ahead where we can leverage our skills delivering complex developments across the capital.” 

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