New industrial units to be developed in Dagenham
The location of the industrial site in Dagenham. Picture: Colliers International - Credit: Colliers International
New industrial units are set to be developed on a six-acre plot of land in Dagenham.
The project would involve up to 20 warehouse and trade units at the junction of Oxlow Lane and Rainham Road South, creating 165,000 sq ft of industrial space on the site of a former wholesale distributor.
A planning application has not yet been submitted but if approved, the site could generate a gross development value of around £50 million.
It is a joint venture between Credit Suisse Asset Management Global Real Estate, industrial developer and asset manager Chancerygate and real estate firm Hines.
Chancerygate’s Tom Faulkner said: “Our proposals for the scheme will address a shortage of high quality, new build warehousing supply in the area.”
You may also want to watch:
Greg Cooper, Hines UK director of industrial and logistics, added: “In developing a range of units speculatively, we aim to attract a variety of different businesses to Dagenham.”
Most Read
- 1 Rainbow lights 'signal hope' as part of Barking and Dagenham festival
- 2 Jailed: Burglar who drove on wrong side of road trying to flee police
- 3 Three arrests after cannabis raids in Dagenham and South Woodford
- 4 Second World War bomb pulled from River Thames in Barking
- 5 Barking MP receives 'disgusting' Holocaust email over Covid-19 vaccine passports
- 6 Council reveals new debt collection service to cut need for enforcement
- 7 Street food market coming to Barking as lockdown continues to ease
- 8 Pictures: Remembering Prince Philip's visits to east London
- 9 Barking and Dagenham pays tribute to Prince Philip
- 10 Column: Dagenham & Redbridge must strive for redemption