?30m Battersea ‘urban logistics’ project awards seven-figure …
London investor-developer Avanton has awarded a £6m construction contract for The Steel Works in Battersea, transforming an old industrial complex into a new ‘urban logistics’ site.
A specialist in sustainable construction and development, GS8, has been awarded the build contract following a tender process. The Steel Works, designed by Boehm Lynas Architects, has a BREEAM “Outstanding” rating for sustainability.
GS8’s commitment to sustainable redevelopment and ESG were key factors in the contract award, with the company delivering high quality builds whilst following strict zero waste strategies.
Located at 105 Culvert Road in Battersea and formerly known as Culvert Court, the new complex will provide 36,500 sq ft of multi-level logistics for Class E and B8 use. There will be three modern industrial buildings, with unit sizes ranging from 2,150 sq ft to 5,860 sq ft located over ground, first and second floors.
The site has been cleared by First Demolition and GS8 has begun work on site today. Completion is scheduled for H2 2024. Pre-lets on the site opened in October with joint agents BNP Paribas and DTRE appointed. At this early stage there is scope for a single operator to lease the entire complex if desired.
Gabriel Stan, Managing Director of GS8, commented: “We are delighted to be working on The Steel Works to bring this new super modern, urban logistics site to life. We are passionate about sustainable redevelopment and helping to transform inner city sites for new purposes.”
David Ronson, Sales & Marketing Director of Avanton, added: “We are excited to commence construction on The Steel Works. There is a serious supply and demand imbalance in urban logistics sites across the capital and these Zone 2 locations are increasingly rare to find. We look forward to bringing this new urban logistics site to life.”
The Steel Works has quick access to Battersea Park Road (A3205), as well as good connections across South London. It is walking distance from Battersea Power Station (Northern Line), as well as Queenstown Road Station (South-Western Rail) and Battersea Park Station (Southern Rail).
By Matthew Neville[1] – Senior Correspondent, Bdaily
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References
- ^ Matthew Neville (bdaily.co.uk)
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