Verdion and L&G’s Industrial Property Investment Fund (IPIF) have received planning permission for LiteHub Greenwich, a £30 million urban logistics scheme in the London Borough of Greenwich’s West Thamesmead Opportunity Area.
The project will be developed speculatively as a multi-let industrial park, with occupation planned from Q4 2027. It will provide 78,986 sq ft of new floorspace across six small to mid-box units, ranging from 5,555 sq ft to 16,000 sq ft.
Unit mix and site
The planned unit range places LiteHub Greenwich in the small- to mid-box segment. The scheme is described as multi-let, with six units across the 78,986 sq ft total. The 2.6-acre brownfield site sits within an established industrial area on Nathan Way, five miles east of the Blackwall and Silvertown Tunnels and nine miles from the M25. It is also close to Berkeley Homes and Peabody’s new 1,900-home Lombard Square development.
Sustainability targets
The scheme is targeting BREEAM “Excellent” and EPC “A+” ratings. The plans include a whole-life carbon focus, high energy performance and resilience, biodiversity-positive measures, and supply chain and site social safeguards. These are stated targets and planned measures; the source does not report completed certifications or operational performance.
Development roles and rationale
Verdion will develop the site on behalf of L&G, which will own the asset. John Clements, executive director of Verdion and head of its UK activity, said the Greenwich location offered substantial potential for value creation.
He pointed to high volumes of new residential development nearby and constrained industrial and logistics supply as factors supporting scope for a modern, multi-let park aimed at occupiers seeking space close to the City and the M25. Clements added that LiteHub Greenwich would become the first asset in Verdion’s UK-wide urban logistics platform, which is focused on brownfield redevelopment opportunities with strong ESG credentials near major population centres.
No occupiers are named in the announcement, and the scheme is being brought forward speculatively. The timeline sets Q4 2027 as the point from which the units are expected to be ready for occupation, rather than a confirmed leasing milestone.
The scheme reflects interest in urban logistics sites that can serve last-mile needs while using previously developed land. The article also notes that autonomous delivery, last-mile infrastructure and the challenges of moving goods through cities are due to be explored at the Urban Logistics exhibition at ExCeL London on 9-10 June 2027.
The project therefore combines brownfield redevelopment, small- to mid-box units and high sustainability targets in a location close to the City and the M25.