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Revamped industrial development to come to Dagenham

02 12 20 Revamped industrial development to come to Dagenham hero

An industrial site in Dagenham is to be redeveloped into a modern, purpose built logistics and supply centre after Colliers International secured a deal between Rexel UK Ltd and a joint venture of Credit Suisse, Chancerygate and Hines.


The six-acre site in Rainham Road South was open to offers from investors interested in single-use or mixed-use designations. Last week the sale completed between the joint venture and Colliers’ client Rexel UK Ltd. The joint venture intends to meet the lack of industrial space available in the capital by speculatively developing a new 165,000 sq ft industrial scheme to include up to 20 units ranging from 3,000 sq ft to 33,000 sq ft for warehousing and trade counter use.

Len Rosso, Head of Industrial & Logistics at Colliers International said: “This year has shown the need for good quality industrial space across the country as supply logistics have been tested like never before. We have a historic issue of low-supply of industrial stock, so the development of speculative, modern industrial space in this east London location will help to meet the growing needs of the industry.”

Positive discussions with the local authority indicated that a development with a mix of commercial or light industrial usage, alongside up to 450 homes could be acceptable to local planners. However the Greater London Authority, who has overview of the planning process in London, own planning policies meant that the only viable option for sale was for the site to remain single use.

James Burke, associate director in the residential team at Colliers International, handled the sale, added: “Undoubtedly this site needed a redevelopment commitment which we have been able to secure. We had been hopeful, given the initial guidance from the local authority, this site could have been maximised further as an opportunity for a mixed-use scheme which would have meet both housing and logistics needs in the borough, however regional planning restrictions meant this was not a viable option for this site.”

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Len Rosso

Head of Industrial and Logistics

Industrial and Logistics

London - West End

Len has more than 30 years' experience in the commercial property sector. Having started out as a trainee surveyor in 1983 he moved on to set up Jansons in 1990, a niche agency specialising in industrial in North and West London. In 2004/5 the business was voted Industrial Agency of the Year, this being the first ever non West End national practice to have won this prestigious award. In that same year the business transacted in excess of 3.5 million sq ft which accounted for in excess of 50% of the total transactions for the North and West London market.


Since joining Colliers International, as the Head of the UK Logistics and Industrial Department, the objectives are the same as always, to outperform all competitors whilst providing the highest level of service to all our clients. In 2018, the Colliers International UK Industrial & Logistics team completed over 250 deals totalling over 15 million sq ft. 

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James Burke

Director

Residential - Development

London - West End

James has worked within the property sector since graduating from University in 2010. Initially working in the UK Retail Development sector. James joined Colliers International in 2013 and Heads the Residential Development team.

James has worked on a range of projects for both private and public sector clients across the south of England, helping clients maximise the value from their assets through strategic development advice and considered disposal strategies. James specialises in residential development agency, including acquisition & disposals advice, options analysis and modelling, site specific marketing & sales strategies tailored to our private and public sector landowner clients.  

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Kim Inam

PR Manager

Marketing & Communications

London - West End

I'm a communications professional who has previously worked as a journalist for eight years covering a broad range of topics including politics, crime, health and housing in north London. In recent years I have worked in corporate communications for local authorities across London  and joined Colliers in October 2019, initially providing maternity leave cover.

I provide strategic public relations advice to various business lines within the UK organisation to secure recognition for their work in the property press as well as key target media, and work with our experts to produce thought leadership pieces which are of interest to our clients and colleagues within the commercial real estate sector. In addition, alongside colleagues in the PR and wider communications team, I provide media and social media training for our in-house experts to prepare them for media opportunities and raise their personal brand within the sector.

As well as supporting various teams within the UK business, I also I curate and edit regular content for the Colliers.com blog, which drives credible business leads to our experts.

 

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