Work has started on Momentum, a landmark green industrial development in London; which will see a 380,000 sq. ft. carbon neutral, BREEAM Excellent scheme delivered by HBD and Barings.
Located in Rainham, east London, the landmark project will deliver four units from 41,126 to 171,406 sq. ft. The units are being brought forward on a speculative basis, demonstrating confidence in the market where supply remains constrained.
The carbon neutral development has been designed for low energy consumption and maximum efficiency, with solar panels covering all available roof surface, EV charging facilities, an EPC A-plus rating, and intelligent building systems including passive fleet charging to the yards.
Sitting within a 20-acre site adjacent to the Thames, Momentum offers links to the Thames Cycle Path and access to Coldharbour Jetty. It also benefits from excellent connections into central London and out, via the A13 just minutes away.
Wellness has been carefully considered, with a range of amenities for occupiers including quiet rooms and shower facilities. Picnic areas will sit within landscaped grounds, with 225 trees, new hedgerows and other greenery, along with landscape buffers to protect wildlife and nurture biodiversity.
Adrian Schofield, Senior Director and Head of Region at HBD, said: “Carbon neutral and with an EPC A-plus rating, Momentum is one of London’s most exciting new industrial schemes. We know that occupiers are looking for sustainable space that meets their responsible business and ESG obligations, while allowing them to ensure that they are attracting the best talent.
“Wellness has also been a major factor in the design of Momentum, which isn’t commonly seen in industrial and logistics schemes. Occupiers will benefit from extensive landscaping alongside amenities including quiet rooms, picnic areas and shower facilities. It’s an incredibly exciting project and we look forward to seeing the scheme begin to take shape.”
Paul Smith, Director, UK Asset Management at Barings, said: “Momentum will be a best-in-class logistics asset, benefitting from excellent links into London and to the south coast of England. Ideally suited to the modern logistics occupier – featuring high environmental credentials, a focus on wellbeing and an improved public realm for the community to enjoy – Momentum is reflective of the types of assets that Barings seeks to develop directly or through joint ventures.”
Contractor Readie Construction will deliver Momentum, which will complete in Q4 2023.
HBD is an award-winning developer, part of the Henry Boot Group of companies, working from seven offices across the UK. Its £1.2bn development pipeline focuses on urban regeneration, industrial and logistics and residential projects.
Barings Real Estate is one of the world’s largest diversified real estate investment managers. It offers a broad range of global investment opportunities across the private debt and equity investment markets and invests in all major property sectors.