LONDON, UK – (March 29, 2023) Bridge Industrial (“Bridge”), the US-based industrial real estate operating company and investment manager, has achieved planning consent for Bridge Point Enterprise East.
Planning approval has been granted by the London Borough of Barking and Dagenham for 10 new, modern industrial buildings totalling 339,504 sq ft in Chadwell Heath, East London to serve the last mile industrial and logistics sector.
The 13-acre former Muller Dairies site, located close to the A12 and the new Elizabeth Line was acquired in 2022, with plans to return the space into state-of-the-art employment use, aligning with the council’s ambitions for the area. Optimising the use of the site, the approved net zero carbon development will provide 10 new high-quality industrial buildings, ranging from 8,515 to 131,280 sq ft with ancillary office space.
Bridge is committed to achieving a BREEAM Excellent rating for Bridge Point Enterprise East, with ESG features including EV charging infrastructure, PV panels, air source heats pumps providing high efficiency heating and cooling systems, high efficiency LED lighting throughout and significant urban greening.
Paul Hanley, Bridge’s London Partner, comments: “We worked closely with Barking and Dagenham to align with their ambitions for the area, and are thrilled to announce the ‘green light’ for this project, our flagship UK development. As with all our developments, the new facilities will provide Class A, highly sustainable and futureproofed space to serve a wide variety of occupiers looking for modern space, in a perfect location to serve last mile logistics in London and the South East.”
Construction is expected to start on site in Q2 2023, with completion scheduled for Q1 2024. DTRE, Glenny and Savills have been retained as letting agents for Bridge Point Enterprise East.
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 is actively pursuing land and development opportunities throughout Greater London, the South East, and the West Midlands.