HBD and Barings, one of the world’s largest diversified real estate investment managers, have submitted detailed planning for a strategic logistics scheme in Rainham, London, which will transform a 20-acre brownfield site.
The new development, Momentum London, is being delivered by HBD and Barings in a joint venture partnership.
The proposed scheme would create 381,814 sq. ft. of new logistics and industrial space across four units ranging from 41,000 -171,000 sq. ft.
Positioned upon the River Thames, with potential for jetty access, Momentum offers the perfect stepping stone into Central London and out via the A13 just minutes away.
The new scheme, which is targeting BREEAM “Excellent” and an EPC A rating, will benefit from a landscaped environment with river views and high sustainability credentials, including PV solar panels and access to the Thames Cycle Path.
Simon Quine, Senior Development Surveyor at HBD, said: “Industrial and logistics space remains in very limited supply across London, particularly larger distribution units. Momentum will plug that gap within the M25 and provide modern, sustainable logistics and distribution space to serve London and the wider South East market.
“Landscaping and wellness have been thoroughly considered, with careful design considerations and enhancements to the Thames Foot and Cycle path, which we hope will help occupiers to attract and retain staff.”
Darren Hutchinson, Head of UK Real Estate Transactions and Managing Director at Barings, said: “With growth in demand significantly outpacing that of supply, projects like Momentum London will be in a strong position to appeal to prospective occupiers who are looking for quality assets with excellent transport links. In addition, the strong ESG credentials enable us to provide best in class accommodation and appeal to a wide tenant base. Given the need for prime logistics assets with these qualities, Momentum London will be a compelling offer and is reflective of other opportunities we seek to pursue.”
Subject to planning permission, the JV is targeting start on site in Autumn 2022 with the units available for occupation from Autumn 2023.
Barings Real Estate is one of the world’s largest diversified real estate investment managers. It offers a broad range of global investment opportunities across the private debt and equity investment markets and invests in all major property sectors.
HBD one of the UK’s most active property developers, with seven offices across the country. It concentrates on three key sectors; industrial and logistics, urban regeneration and residential.
