September 30, 2022
Bridge Industrial (“Bridge”), the US-based industrial real estate operating company and investment manager, has achieved planning consent for Bridge Point Croydon.
Planning approval has been granted by Croydon Council for a new, modern industrial building totalling 62,000 sq ft to serve the last mile industrial and logistics sector.
Located on Factory Lane, the new development will target a BREEAM Excellent rating. Built to a Net Zero Carbon design, the building will be developed using the most sustainable materials and will include solar thermal and solar panels and LED lighting with EV charging infrastructure, cycle storage and new landscaping to improve biodiversity.
Paul Hanley, Bridge’s London Partner, comments: “At Bridge, we create buildings where people want to work. Bridge Point Croydon will deliver high-quality, modern business space, creating a welcoming working environment for employees in a strategic industrial and logistics location to serve the last mile sector.”
Construction is expected to start on site in Spring 2023, with completion scheduled for Q4 2023. CBRE, Colliers and DTRE have been retained as letting agents for Bridge Point Croydon
Bridge acquired the factory Lane site in August 2021. Following the launch if its UK operations in November 2020, the firm now has six development sites within the M25 totalling more than 734,000 sq ft – in Chadwell Heath, Southall, Barking, Uxbridge, Croydon and Weybridge. Bridge Point Barking, Bridge Point Uxbridge and Bridge Point Southall also achieved planning consent this year.
Bridge is actively pursuing land and development opportunities throughout Greater London, the South East, and the West Midlands.