Goya acquires Swanley site for £60m scheme

Goya Developments has acquired an eight-acre site in Swanley with plans to build a 160,000 sq ft industrial scheme with a GDV of £60m, Property Week understands.

A source close to the deal said that the developer was looking for pre-lets before beginning construction on the site.

In September last year, Goya Developments snapped up a four-acre site on Bull Lane in Tottenham for a logistics scheme with a GDV of £90m.

The developer bought the property from owner-occupier Dominion Tiles alongside its joint venture partner Hillwood Properties, telling Property Week the site was the “Park Lane” of warehouse development and that the JV had ”a serious appetite” to acquire more sites in London and the South East.

Goya Hillwood would look to develop a 135,000 sq ft warehouse on the site, but is also considering the option of developing a multi-storey scheme.

The JV would look for a rent of £25/sq ft or higher and aims to let the site to home delivery companies and third-party logistics companies.

This article orginally appeared in Property Week.