Colliers | Sale of warehouse completed following successful granting of planning permission

The sale of a vacant warehouse to developer London Square has been completed following planning approval for a new mixed-use development.

Colliers International’s residential team sold Axion House in Silver Road, Lewisham, on behalf of Bike Alert in 2016 for £15million, subject to planning permission. Lewisham Council has now granted planning approval for the demolition of the warehouse building situated between the railway track and Ravensbourne River. It will be replaced by a development of 136 residential units, including 35 affordable, in buildings between five and 16 storeys high. In addition, ground and first floor commercial space will also be provided on the track side of the development.

Andrew White, Head of Residential at Colliers, said: “As with many land sales it’s not until planning permission has been granted that the sale can fully complete. It is great news for all involved that this development can now go ahead. Not only will this site provide a mix of housing but will also continue to provide employment opportunities locally. Vacant land in London is in short supply, so finding a location for development and agreeing a plan to meet the multiple needs of the local economy is essential.”

Adam Lawrence from London Square added: “We have worked closely with the local authority to find a workable solution for this site brought to us by Colliers. We’re pleased that planning permission has now been granted and that work can start in 2021 to breathe new life into the area.”

Related Experts

Andrew White

Head of UK Residential & International Properties Asia

Residential - Development

London - West End

+44 20 7344 6722

07500 551958

Andrew heads up the UK Residential & International Properties (Asia) Department at Colliers and is a specialist advisor in residential and mixed use developments. He has been involved in some of the largest and most complex sites within the U.K.

The Residential Department at Colliers comprises a market leading team of surveyors and advisers who focus on London, The South East and the Regions, advising clients on their options for maximising value for their assets, including planning, development consultancy, Build To Rent, investment and disposal strategy and New Homes & Project marketing, both in the UK and Internationally.

Andrew has worked in the sector since 1994 having started his career with a large multinational real estate agency, then running his own land agency for 8 years before joining Colliers in 2013. He has advised government bodies such as the NHS, as well as family businesses, funds, charities, developers and companies on their strategy for disposal of their land holdings and property assets.

Clients include, Legal & General, the NHS, Royal London Asset Management, The Diocese of London, London Square, Telereal Trilium, Threadneedle, Aberdeen Standard, Greggs, Rexel and PSA Group as well as other large corporate landowners.

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Kim Inam

PR Manager

Marketing & Communications

London - West End

+44 20 7344 6814

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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