Goya Developments, the specialist industrial and warehouse developer, have successfully obtained planning permission for a 114,323 sq ft, 12 unit industrial, warehouse and trade centre scheme which is opposite the new Star Lane DLR station and just over a mile from the Olympic Stadium.
The site, which is let short term to LOCOG until after the Olympics, will, once developed out, have an end value of circa £20 million.
The development, which is known as www.canningtownbusinesspark.co.uk, will commence in November 2012 once LOCOG vacate the premises, with a targeted completion of summer 2013.
The development will include the latest green initiatives which Goya are championing across all of their speculative developments, which include photo voltaic panels, rain water harvesting and solar wall, to create energy savings for occupiers. This will reduce carbon emissions by over 25% of that of even a 2010 building, with energy savings to match.
Jim Bryan of Goya Developments commented: ’We are delighted to be building out this scheme in such an exciting environment where demand has always been very strong, but has only been enhanced by the Olympic activity. The scheme came about after working closely with LTGDC and London Borough of Newham and will bring many new jobs to the area where there is a serious lack of supply. This fits in with our overall strategy of only developing out prime sites in prime areas where there is a demonstrable supply demand imbalance.’
DE & J Levy and Colliers are the agents on the scheme.
The development will include the latest green initiatives which Goya are championing across all of their speculative developments, which include photo voltaic panels.