First Panattoni the UK development arm of Panattoni Europe and Savills Investment Management have appointed Glenny, DTRE and Savills as joint sole agents on Belvedere Wharf, South East London.
Belvedere Wharf is the largest speculative development in the South East London and Kent region, totalling 450,000 sq ft at the centre of the established and very successful Belvedere Industrial Park, a location within eight miles of Junction 1A of the M25 and 13 miles from Central London.
The first phase, consisting of two units, will provide occupiers with state of the art facilities in a prime location. The 86,660 sq ft unit 1 is now complete with a further 109,926 sq ft consented and available on a build-to-suit basis.
A second phase will be delivered over the next 24 months providing approximately 130,000 sq ft of Grade A industrial stock in a range of sizes. Glenny’s local knowledge of the market will play an important part in shaping the mix of units during this phase, particularly due to the demands of some of the tenants facing displacement as the redevelopment of Central South East London and in particular Charlton Riverside progress.
Richard Seton-Clements, Divisional Partner in Glenny’s Business Space Agency team, said, “We are looking forward to working with First Panattoni and Savills Investment Management in bringing this essential development forward in one of South East London’s premier industrial areas. The area has attracted the likes of Amazon, Ocado, Tesco and Asda, demonstrating its strategic location in the region”