Monday, 11 February 2019
Goodman Group, through the Goodman UK Partnership (GUKP), has acquired a 9.5 acre site in Park Royal, London. The acquisition is in line with Goodman’s global strategy to own, develop and manage high-quality industrial properties in infill locations close to consumers.
Situated within London’s largest industrial area, the strategic employment site is five miles from Central London and 14 miles from Heathrow Airport, providing excellent connectivity and access to 21.9 million consumers1 within a two-hour drivetime2.
Adjacent to the UK’s largest regeneration development at Old Oak, the area will benefit from significant infrastructure investment, including the new HS2 Interchange at Old Oak Common. Scheduled for completion in 2026, it will be the catalyst for a new commercial and residential district comprising 25,500 new homes and 65,000 jobs. The new Crossrail terminus will provide access to central London in 10 minutes, Heathrow in 8 minutes and Birmingham in 38 minutes.
Charles Crossland, Managing Director of Goodman UK, said: “Infill locations such as Park Royal are experiencing strong demand from our customers. This trend is consistent across Goodman’s global footprint and continues to be driven by urbanisation and e-commerce.
“We’re looking forward to working closely with our customers to develop high-quality space that suits their specific needs.”
1 Source: Michael Bauer Research
2 Source: Esri