Work has begun on the construction of two new developments at Icon Harlow, that will deliver almost 200,000 sq ft of Grade A warehouse stock into the established London-Stansted-Cambridge corridor.
Icon Industrial, a strategic joint venture by leading commercial property developer, Stoford and private global investment firm, TPG Real Estate, will develop two new buildings as part of the second phase of development at Icon Harlow in Essex.
The JV will speculatively develop Unit E, a new 112,000 sq ft warehouse and logistics facility, giving occupiers the opportunity to take occupation of a new building in September 2021, to a base build specification. Unit D, a bespoke last mile distribution unit of c.86,000 sq ft, will be developed on behalf of an end user.
ISG has been chosen to deliver Unit E and TSL is the general contractor for Unit D.
Angus Huntley, Development Manager, Stoford, said: “Following the recent success of phase one, it is exciting to begin the second phase of development at Icon Harlow. The new speculative development will deliver much needed quality warehouse and logistics accommodation in the London-Stansted-Cambridge corridor, where demand remains high. Icon Harlow’s proximity to London and the motorway network makes it an attractive location for distributors, which is evident from the occupiers already secured on the scheme and therefore we have taken a proactive approach by developing speculatively.”
Icon Harlow is conveniently located just 30 miles north of central London and nine miles from the M25. Occupiers including DHL, FedEx, Wincanton, GSK and Bunzl are based nearby.
Phase one of Icon Harlow was completed last year and only one of three new buildings remains vacant. Unit B is a highly specified 98,533 sq ft warehouse with three-storey integral Grade A office space, 15m clear eaves height and a 50m yard, and is available for immediate occupation.
For all enquiries, please contact the scheme’s retained agents: DTRE, JLL and M1 Agency.
