Faircloth Construction has been appointed by GLi to build PR1, a 56,115 sq ft logistics unit in Park Royal, West London
The PR1 scheme in Park Royal, West London will oversee the construction of a logistics warehouse right at the centre of London’s industry and with exceptional connectivity via the North Circular Road, A41 and M25. Faircloth Construction are on site and the unit will become available in Q1 2023.
PR1 belongs to the GLi platform – a joint venture between KSP and PATRIZIA. Via its TransEuropean VII value add fund, it has €1 billion equity to invest in urban logistics.
This means that the Park Royal logistics warehouse marks significant progress in GLi’s expansion. The aim is to meet the increasing market demand for last mile logistics space within the M25. Other GLi locations include Croydon and Mitcham.
Customers and employees are at the heart of the logistics unit at Park Royal
The design process has been centred around customer and employee wellbeing, ensuring that all necessary amenities are on site. This includes: break out areas, showers, sustainable landscaping, air conditioning, bicycle storage and access to natural daylight.
Like all GLi properties, PR1 offers sustainability and energy efficiency that is at the top of its game. The Park Royal logistics unit be 100% electric, providing 100% EV car and van charge points, maximum rooftop PV coverage and net zero in construction. Storage batteries will also be included.
‘A truly sustainable development that represents the next generation logistics warehouses’
The CEO at KSP, David Johnson, commented:
“We are pleased to have appointed Faircloth Construction to bring forward PR1. As a business with a strong industrial heritage, like KSP, Faircloth are a fantastic partner to be working with on our first Park Royal scheme.”
Luke Le Brun, director of PATRIZIA Asset Management, said:
“At PATRIZIA our purpose is to build communities and sustainable futures. The strong ESG credentials of PR1 are in line with what our institutional clients expect from us, namely, to invest in buildings that are sustainable, meet occupiers needs and truly enhance the local community.”
Director of Faircloth Construction, Darren Faircloth, added:
“Faircloth prides itself on quality workmanship and shares its clients’ goals and visions. We are looking forward to supporting GLi in delivering a truly sustainable development that represents the next generation logistics warehouses.”
