Market Leads & Opportunities
Plans in for job-creating urban logistics scheme
Plans have been submitted for a new urban logistics development in Chessington.Arax Properties in partnership with Eurazeo’s Real Estate team are bringing forward the Base A3 scheme.The proposal includes 104,700 sq ft multi let urban logistics scheme, comprising seven units of 9,400 to 24,600 sq ft with eight metre eaves.Sustainability credentials sought include BREEAM Excellent with photovoltaic power generation and EV charging and EPC A.Ground is expected to be broken in the second quarter of 2024 with completion due in Q1 2025.Giles Morse, a partner at Arax Properties, said: “We are delighted to be investing into Chessington, bringing new employment opportunities and adding significant economic value to an area starved of high quality industrial development.”Claudia Harley, associate partner at DTRE, added: “Base, Chessington was designed to meet the evolving needs of businesses in the region. This scheme will provide modern, ESG focused units in a strategic location appealing to a range of occupiers.”Alex Gale, senior partner at SHW, said: “This development of business units will fill a much needed gap in the market for high quality industrial and logistics buildings in a strategic SW London location.”
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